Welcome to closing bell overtime. We're live from Studio B at the NASDAQ market site.

I'm Melissa Lee along with Mike Santoli. Stocks higher across the board, record closing highs for the Dow, the NASDAQ and the S&P 500, the Russell closing with a small loss. But all for closing with gains for the week, that's a nine-week winning streak for the S&P 500. That's the longest since the end of 2023. It also closes the book on May, gains across the

board 8% for the NASDAQ. That's on top of a 15% gain in April. And Apple heading an all-time high,

up for the 10th straight week. It's longest winning streak since 2009. And of course, the focus

continues to be on technology and whether or not this vertical

move can go higher. For sure. I mean, a general principle, new highs are more bullish than bearish.

You know, trends usually stay in place longer than you think they can. Leadership that's earnings

driven and is, you know, kind of embraced by a real coherent secular theme, all great. But you can

definitely also overshoot in the meantime. And you've had a very distinct momentum over quality,

offense over defense tone still this week, even though, you know, the broader list of stocks

did okay on a relative basis. So I do think you get to the end of May. You start looking ahead

to what might be able to throw a flutter into this story, whether it is a jobs report, a Fed meeting, things like that. Yeah, it's been the best base since the 1950s. I mean, it's been quite a track record for this month. What struck me, at least today in the past couple of days, is the IGV and how there was much more participation across the board. You saw Microsoft finally, you know, kicking in here, CRM this week, has gotten some new life. And so IGV at 100, over 100 at the point. I mean, it feels a little firmer than it did even a week ago. It does. It certainly looks like an attempt at a real base. It did cross above its 200-day moving average, which is still going down. So the trend is lower, but it's now sort of challenging that maybe it has a possibility to reverse that. I did think the snowflake numbers unlocked something there. So we'll see. I also want to be sure people realize month end, sometimes you get these countertrend moves. You get some short covering. So make sure we are

aware. We've got to test it next week. Well, Tech, of course, as we've been saying, still the biggest

driver of the action. Let's get to Christina Parts and Nevelos for more on that Dell and related

stock moves. Yes, definitely Dell. And to your point, tech, it led the market hard, but under the surface,

it was somewhat of a narrow rally. So semiconductors remain on a historic run with Dell Upwet,

over 30% adding fuel to that story today. The company warning of shortages across memory, processors,

specifically CPUs and hard drives with lead time stretching up to a year. That lifted other companies,

Microns, Sandisk, Arm, even competitors, HP and Super Micro surging about almost double digits

today. The broader chip index is on pace now for its best year on record, helping drive

tech to the top of the leadership board both today and actually for the week.

But it's not just chips. As you mentioned, Melissa, software has been catching up higher than

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