Welcome to Closing Bell and Scott Wapner live from Post 9 right here at the New York Stock Exchange.

This make or break hour begins with stocks chasing new highs as we enter the final stretch.

The scorecard looks like this with 60 to go in regulation.

We are green across the board.

We are at the highs or certainly near the highs of the day.

And we are trying to close on the S&P 500 above 6,100 for the first time

since late February. We will watch all of that. Tech is making a move today. Word of a cease

fire in the Middle East, given the majors, a boost right from the jump and climbing even more

as Fed Chair Powell spoke on Capitol Hill. He delivered no surprises to lawmakers, came across perhaps

as being flexible on interest rates, the market like that. I said Texas story, it certainly is.

That sector hitting a new record high. The NASDAQ 100 also approaching its own milestone.

Take a look, one and two thirds percent higher. That leads us to our talk of the tape the tech takeoff we'll begin

there with our own dear job d tell us more about this move well i will pick up i'll pick up

scott where you just left off the level the exact level to watch is 22 000 175 60 cents

at the nasdaq 100 can finish above that It is a fresh all-time closing high.

We are just within distance. And really, this is a remarkable rebound for tech. The index had fallen more than 20% from its peak.

It's a few things here. Terraf relief from the broader market momentum, strong fundamentals from big tech, the AI trade, really roaring back, boosting names in the space

like Palantir Microchip, and less profitable tech, also catching a bit as the street is optimistic

that the Fed may find room to cut rates before the end of the summer.

Of course, lower rates make future profits more valuable, and those companies like a core weave,

they're all about the future

potential. A few weak spots, though, worth mentioning, four of the Meg 7, they are still lower on

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