First trading day for June shaping up to be another volatile one. The most

important hour of trading starts now. Welcome everyone to Closing Bell I'm

Sarah Eizen. Take a look at where we stand in the market. We're coming back

a little bit here. The Dow only down 121. This does not tell you the full picture. We've been down 400 today. We've been up 282 today. Some wild swings. You've got the NASDAQ outperforming. It's only down about a quarter of 1% and the

S&P down 4 tenths. Consumer staples, financials, and health care are your

weakest sectors right now. Take a look at in fact at the sector heat map.

What's working today, energy and technology

for a change. Those two not usually at the top of the market, but you've got good results

from Salesforce and HP fueling the tech trade. It's also helping names like Microsoft, Cisco, Solar Edge, all

higher today along with energy stocks. Coming up, we will discuss the outlook for this

volatile market with Ida Liu, the global head of City Private Bank who has recently been

named one of the most influential women in finance by Barons. Let's kick it off

with the broader market. Major averages under pressure losing earlier gains.

Mike Santoli taking a closer look at momentum shifts in the market for his first dashboard today.

What do you mean?

Yeah, Sarah.

Well, basically the definition of momentum always changes based on what's been working recently and

here you see over the last three years the fate of momentum which is basically what

already has been the strongest stocks will they continue to Well, yes, they surged off of that late 2019

low into this is of course the peak of the growth stock, mania and basically excitement

for the tech stocks that were already very strong.

So you saw that huge momentum break there.

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