We're closing near the lows across the board. That's a score card on Wall Street, but

winners stay late. Welcome to the closing bell overtime. I'm John Ford. Morgan Brennan is off today.

It has not been a happy new year for the Bulls so far.

Traders like Matador is out there, bullfighting.

And it has especially been a rough start to 2024 for tech stocks after a huge rally last year.

Coming up we're going to get the names of some under the radar tech names that might

be ready to take off. Plus former Fed Vice Chair Alan Blinder reacts to the

latest Fed minutes and how Friday's December jobs report could impact interest

rates. Ah, but for now let's get to Mike Santoli who I believe is going to give us a little bit of a take yes on what has been happening in the markets, Mike, we're near the lows on all the major

indices, energy and utilities, the strongest sectors, that usually doesn't mean that people are feeling

particularly aggressive

no not today uh... jon yesterday was much more just this pure rotation type move everybody

had decided the market ought to continue broadening out.

You sold the really inflated mega cap growth stocks

for people had a lot of gains on the first day of the year.

Today was a little more across the board just

stepping back from risk people feel like they owned enough I think the the most

negative thing you probably could say about the market entering 2024 was that

everything went right for it for two months coming into the year.

And so the market kind of got priced accordingly.

Slightly soft economic data today with the labor market jolts report and then I

I don't think that's really changing the underlying fundamental story but

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