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

We have a big hour ahead. Of course, we'll have more on Elon Musk losing that verdict against Sam Altman and OpenAI in the courtroom.

Kate Rooney's been outside the courthouse for the duration of this trial. She'll join us momentarily.

You've now heard from the attorneys from both

sides. We do await reaction from both Mr. Musk and Mr. Altman. When we do get those, if we do,

of course, we'll bring that to you immediately. We want to show you the market because that is a

big story this hour as well. We're taking a breather today.

We're about at the lows of the day now. The NASDAQ is down 300 points. It's more than 1%. The Russell's

getting hit about the same amount. It's all about interest rates today, which have been moving higher,

especially at the long end, the 10 year, the 30 year, about the highest

in a little more than a year or so.

So the market's fixated a bit on that.

Yes, we're looking ahead doing Vitiya's earnings midweek, but we've got to get past the next

couple of days.

So that's how the scorecard shapes up with 60 minutes to go.

A pretty directionless market, though, as we do come on the air.

I do want to talk about tech.

It has been mostly read, but if you look at some of the software names today, they're actually

doing quite well.

That's a story in and of itself.

Is money coming out of the chips continuing to go into software like the cyber players?

What about Snowflake, Service Now and Salesforce?

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