Welcome to Closing Bell. I'm Scott Wobner live from Post 9 right here at the New York Stock Exchange.

This make-a-break hour begins with debt ceiling, deal hopes the strong movement stocks we are witnessing at this moment.

Here's your scorecard with 60 minutes to go now in regulations.

Cyclical areas like banks and energy industrials are lifting the Dow today.

Really broad-based move though across almost every sector a nice session for the Russell 2000 as

well the small caps are getting a much needed boost there you go near 2% for the

Russell really strong day there leads us to our talk of the tape whether stocks are

actually about to break out of this range

they've been in.

And finally, we've been waiting for this.

Is it going to happen?

Let's ask Cheryl Young, Private Wealth Advisor

for the Rockefeller Family Office out here from the West Coast.

It's great to see you in person.

Is that what this move in the market today, do you feel is about the hopes of debt ceiling

deal?

Absolutely.

I think everyone is really realizing that the

politicians cannot commit political suicide. There is probably going to be an

agreement reached fairly soon and we view this as even if there's short-term volatility of buying opportunity if there is more volatility.

Hopefully this is the end of it, but we still have another two weeks to go.

Yeah, what about that question I asked at the very top here, whether we can finally get out of this range?

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