Stocks are jumping on Wall Street following the best week for the major averages since June.

We are at Session Highs. This is the make or break hour for your money.

Welcome to to Closing Bell, I'm Mike Santoli in for Sarah Eisen.

Here's where things stand in the market.

Mentioned at the highs for the day, the S&P 500 up almost 1.4 percent. It was hovering

around that up 1 percent mark for much of the day. The, up just about 500 points.

At this point, the Nasdaq lagging slightly.

Part of that is a weekday for Tesla,

at least so far, and the Russell 2000 also trailing behind. So it's mostly some of the mega caps outside

of Tesla driving things check out our chart of the day it is the Chinese internet

group getting clobbered as President she firms up his grip on power much more on those moves ahead.

And also coming up on the show, we'll talk to former Pimco Chief Economist Paul McCulli

about the more dovish Fed commentary that has helped support the market in

recent days. Let's get straight though to the market and today's dashboard. The

S&P 500 index now clicking just above the 3,800 mark. This is an area that it hasn't been

above since early October, so trying to get to a month to date high right here. You

see in a broad sense the market has been kind of just sort of bouncing above those mid-June lows,

refusing to go lower even though bond yields had been going higher.

There also is this little bit of a downtrend or actually significant one from those mid-August highs.

You had the big summertime rally, people thought about a Fed pivot, that gave way to a test of the

old lows and it right now is trying to click just above that.

Now the US market has really started to distinguish itself

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