The bell's bringing an end to the trading day at the NYSC, KALIX, ringing the closing bell and at the NASAC. VersaMet royalties doing the honors. Welcome the closing bell over time. We're live from Studio B at the NASDAQ market site. I'm Melissa Lee along with Mike Santoli. Stocks bouncing back after two down days to start the week. The Dow gaining nearly 350 points. The S&B higher by nearly 1% and a new closing

high here. The NASDAQ gaining 1.5% also a closing record. We'll have much more on the market's

gain coming despite oil prices moving higher and our team is standing by for earnings from Tesla, IBM,

Service Now, Lamb Research and Texas instruments and several others that we are also watching.

You know, 1% gain in the S&P looks pretty clean.

We have a new closing high, everything fitting together.

But really much spottier than that.

Markets protecting itself by buying AI-related growth tech.

Yes.

Max 7 up 1.6%. You know what was up 1.3%? Microcap stocks, the microcap index. Wow. Weed stocks flying, crypto-related stocks flying. So you have this current of, I think, overheated speculation on one side, the market trying to protect itself by hiding an AI. And then the average stock does nothing.

And consumer cyclical is down more than 1%. I don't even know, though, if you can call it hiding

an AI because the parts of the trade that were hot are the hot parts of the AI trade. So you take

a look at a micron, for instance, levitating 8.5% today's session. Western Ditch, Seagate, those are

at new highs here. So it's the hot part of the AI trade that's really catching the bid. That's right, yeah. So when I say hiding, it means that they're just kind of overplaying that hand because they're not comfortable, don't have high conviction on the real economy stocks. Well, as we mentioned, tech, the best sector in the S&P today. As chips continue their recent run, let's bring bring in Sima Modi for the details here.

Seema. Hey, Melissa, well, tech certainly propelled the NASDAG 100 and S&P 500 higher today,

better than expected earnings from Europe's ASM International lit a rally across the sector.

Despite news of Google's latest competing chip, the Philadelphia's semiconductor index is now

higher for 15 consecutive days.

This is the longest streak since 2014.

And memory chip players that you mentioned, microns, sandisks, all rallying to new highs,

while the IGV software ETF saw its eighth straight day of gains.

The key question is if earnings will change that story or provide more conviction.

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