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

This make a break hour begins with this big day in the market and the remarkable run for tech.

And whether it's breakaway bounce from the rest of the market means it can't possibly last for much longer.

We ask as the NASDAQ makes yet another strong move today.

Now on pace for its fifth straight week of gains.

Here is your scorecard of where things stand with 60 minutes to go

in regulation of course the move in big tech has helped the S&P 500 approach to

4200 level there it is it's above it now. We will see if we can get a close

close above that number as investors keep a close eye on any developments out

of Washington regarding the debt ceiling duel. It's been a pretty broad-based

move today as well with discretionary names performing quite well.

Financials, materials, industrials.

They're also in the green. There's a lot of green as you can see on the board today.

Takes us to our talk of the tape.

This tech takeoff and why some make the argument

that it is not done just yet.

That is the view of Tom Lee,

Funstrats co-founder and head of research,

he is, as you can see with us live welcome

back it's good to see again great to see it Scott doesn't want to

doesn't want to let up it certainly doesn't seem like it wants to why do you

think it can continue, Tom? Well, we know bull markets

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