The major averages giving back most of this week's gains losing steam throughout the session.

The most important hour of trading starts now. Welcome everyone to Closing Bell, I'm Sarah Eisen.

Take a look at where we stand right now in the market. We are down about 300 points low of the day is down

345 on the down most sectors in the S&P 500 are red everyone actually that is

except for communication services some pockets of green they are names like

alphabet meta and Netflix at the top of the

list on takeover chatter. Small caps down one and a three quarters percent. Look at that

it's a bigger decline and crude oil is part of the story. It's spiking today to up 2.5%. Energy stocks are

holding up better than the rest of the market but are still in the red. Real estate materials

and utilities are your worst performing groups.

There's the most active traded names right here right now

on the New York Stock Exchange.

DD Global up 14%.

Some of those internet names in China

have been flying.

On the opening of the Chinese economy and the stimulus that's flowing there,

Alibaba up 14%. Credit Suisse is a loser off earnings and that was a big source of

weakness overnight in Europe.

Neo continues to be among the most actively traded every day here over the past few weeks.

Coming up on the show today, we will talk to the CEO of Campbell Soup, which is in the green

for the year higher today on the back of strong earnings and strong sales guidance.

We'll ask how inflation is factoring into those results.

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