All right

Welcome to Closing Bell. I'm Mike Santoli in for Scott Wopner.

This make-a-break hour begins with another show of resilience and more rotation

keeping the key index is right up against record highs.

Invidious, big AI showcase conference.

Well, you can call it a bit of a shrug on the news event for investors,

at least in that stock.

You see it up about 1.4%.

It was down a couple percent earlier but not

far from the flat line so drifting between small gains and losses however the

rest of the semis mostly pulling back after that amazing run coming into the month of March. Strength in

energy software, industrials, banks are all driving a pretty modest S&P 500

rally but one again that gets us near record highs.

Here's your scorecard with 60 minutes to go in regulation.

That S&P recovering from a bit of a morning dip, small caps also outperforming.

The closing high on the S&P 500 is just above 5,75, so we're within just about 5 points of that.

Despite sharp losses in top components, Super micro in the Russell 2000, and micro

strategy. The Russell is managing to outperform Treasury yields. Down slightly

on the day, though still near a three month high with a Federal Reserve meeting now underway culminating

tomorrow.

That takes us to our talk of the tape.

Can this market continue its levitation and rotation act for much longer.

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