Welcome to closing bell. I'm Scott Wobner, live from Post 9 here at the New York Stock Exchange.

This maker break hour begins with techs take down today, which is weighing heavily on stocks.

And in some respect, sentiment as well. There is the scorecard with 60 to go in regulation today.

It is the NASDAQ, as you see, down almost 2%. It's been down worse than that. It is trying to come off of its

lowest levels of the day. Some very big moves in software stocks today. And we have reporters ready to go

on which companies are down the most and why this is all happening. Elsewhere, you heard Kelly

talking about it, Bitcoin falling to its lowest level since the fall of 2024.

We'll get to the bottom of that, too.

Palantir higher after a strong earnings report, but maybe not as high as some might have expected.

We'll watch that one, too.

How about Walmart, topping a trillion dollars in market cap for the very first time ever? That's notable up more than 2%. We'll track it. Novo Nordisk. It's down big after warning of a sales hit this year, almost 14% in the red. That takes us to our talk of the tape. The AI-related hits, several key stocks are taking today. Let's go right to Sima Modi for the look at the hardest hit area.

Scott investors are analyzing Anthropics' latest update and the threat it poses to the SaaS

companies that rent out their software to Fortune 500 companies to tackle sales and marketing

like Salesforce, Dropbox, Adobe, Shopify, all down sharply today. And while strategists at Jeffries,

they do say this extreme sell-off will create buying opportunities, we're really not seeing that today, with the exception

of Palantir up about 5% on the back of earnings. The IGV software ETF on track now for three

weeks of losses, even beyond traditional software. News of Anthropics' new tool for legal experts as

pressuring shares of legal Zoom down 19% data analytics company, Thompson Reuters. As we

sort of try to understand what happens with earnings, the two names we're going to be watching

this week at Lasseon and Fortinette. Scott, set to report on Thursday. All right, good stuff. Seema,

thanks for starting us off. That is Seema Modi. Now, why is this

all happening? You heard Seema talking about Anthropic and something that it recently rolled out.

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