It is the first big rally of the year. Stocks are off to the races after today's jobs report showed wage growth slowing what it all means for the Fed and the market. This is the make or break hour for your money.

Welcome everyone to Closing Bell. I'm Sarah Eisen. Take a look at where we stand

at the highs of the day right now. The Dow is up 726 points. We got more than 2% rallies across

the board. Look at the Nasdaq. It's surging 2.7% bonds are rallying as well.

There's the 10-year note yield all the way down to 3.5.

Weaker wage growth on top of that ISM services number,

which was a big miss and showed a drop.

Bad news is good news when all eyes are focused on the fat.

It's a broad-based rally. Every sector is in the green.

Take a look. Materials and consumer staples are leaving the way right now, but it is across the board and technology is bouncing back strongly after a rough start to the year.

As I mentioned, the NASDAQ up 2.7 percent. Information technology as a sector is up more than 3%.

Coming up this hour, legendary value investor Bill Miller the third and his son Bill Miller

the fourth. Here to discuss the outlook for the market their top picks including whether they are still bullish on Amazon and Bitcoin both have been painful lately as well as their fun succession plan. Don't miss it.

But first up, let's head to the market dashboard.

Senior markets commentator, Mike Santoli,

what do you make of this rally?

It's impressive actually,

and it shows you the amount of energy that got built up with

this real sideways tight coiled pattern that we had for a last few weeks

been pointing that out right around 3,800 the market had refused really to buckle

below that level.

That goes all the way back to mid-May of last year

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