The bell is bringing an end to the training day at the NYSC, JPMorgan Asset Management, ringing the closing bell, and at the NASDAQ, Ferovial, doing the honors.

Welcome to closing bell over time. We're live from studio, be at the NASDAQ market site. I'm Melissa Lee, along with Mike Santoli.

The Dow down, about 550 points. It's worst day in more than a month. Smaller losses for the S&P 500 and NASAC, much more in the market straight ahead.

On our radar at the close, GameStop makes a bid for eBay. We'll play you some of the interview with Ryan Cohen that has a lot of people on the street talking.

Plus, Amazon announcing new supply chain plans and tanking the transports in the process. Big losses on the day for FedEx and UPS. And it's another big afternoon of earnings. Palantir due out in just a few minutes. We are also expecting to hear from on semiconductor, Pinterest, and Paramount Skydance. But it was, Mike, an interesting market day. We had a lot of sort of geopolitical headlines to deal with. And on WTI, it is worth noting that we are in Iran conflict era highs.

Yes. market day. We had a lot of sort of geopolitical headlines to deal with. And on WTI, it is worth

noting that we are in Iran conflict era highs at WTI. And that seemed to sort of be a demarcation.

We got yields up and the rest followed. For sure. You could actually detect the market,

especially in the morning, kind of looking for permission to ignore the oil price and what's

happening with yields.

And then it just kind of pushed to a level where it wasn't quite possible,

especially because not all of tech was able to really get any upside thrust.

It was really just the memory stocks and a few others.

And I do think it's relevant to say that industrials and partly its transports,

but also consumer cycles and also banks have

actually struggled here. They're 5, 7, 10% below their highs, even as the S&P 500 is at a high.

It's not any fatal thing. It's not like rates are at some tripwire, but you have to be aware

that we've come a long way in a short period of time. And what is the next catalyst now that most of earnings have gone through?

It's a good point.

I feel like we've kind of just taking credit for that.

And now it's like, all right, the S&P multiple went from 23 to 19. It's back to 21. Are we going all the way back to 23 or not? Well, let's get to Christina Parts-Nevilus for a look at some of the stocks making big moves today.

Christina.

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