Stock soaring for a second straight day as the major averages close at new highs.

Strong day for the Russell too. That's the scorecard on Wall Street, but

winners stay late. Welcome to closing about overtime. I'm John Ford with Morgan Brennan. Yeah industrial

and financials leading the charge today in a broad-based rally record highs

for the industrial's communication services really the only sector one of two sectors in the red but

Apple one of the few stocks sitting out the rally today after the Justice

Department sued the company alleging it has a smartphone monopoly we have a top former regulator weighing in on the

fallout for Apple.

Can't wait to talk about that. Plus we are set for a trio of big earnings coming

up instant analysis of results from FedEx, Nike and Lulu Lemon as we await those

earnings though. Let's bring in our first guest, Vital Knowledge Founder Adam Chrysophoulli.

Adam in a way, these records, strong day for major averages.

If you had told me a couple of years ago,

this would happen with a bad day for Apple,

down 4%, I'd have been surprised new market leadership here

You know it's been impressive you you've seen the market absorb under performance in in Apple and other kind of major tech stocks and you've seen the kind of a rally baton

get handed to other groups so certainly encouraging the equal weight S&P and the Russell both were

big outperformance for the Nasak and the capitalization of S&P.

So yeah, very encouraging that you could absorb

about a type of pullback in Apple and Google also

was pretty soft today.

And you saw a lot of the big cyclical groups,

...