Stocks had been proving resilient in the face of downbeat earnings from two of America's biggest companies,

but we've come well off the highs. Nasdaq's taking a leg lower here. Dow just barely positive.

This is the make or break hour for your money.

Welcome everyone to Closing Bell.

I'm Sarah Eisen.

Take a look at where we stand overall in the market right now.

There's the Nasak down almost 2% right now.

Obviously, communication services are the worst part of the market.

And that's because of Alphabet Alphabet which is down almost 9%

meta in sympathy, down 6% of head of earnings later today.

Warner Brothers, a lot of the tech names, Paramount Global, News Corp, all getting dragged into the selling.

The S&P, down three quarters of 1%, you still do some have some pockets of strength, like energy,

health care is having a really good day, materials, strong, staples, industrials and financials all remain

green at this hour.

Small caps are actually higher by almost 1 percent, so kind of a divergence there.

The tech names are under pressure.

The ten year yield is lower. The 10-year yield is lower.

There are the two earnings movers of the day.

Alphabet down 9, Microsoft down 7%, both getting crushed and dragging on tech, but

actually not taking down the entire market too much.

We're going to talk more about those moves in just a moment.

Also ahead on today's show, we're going to get a read on the state of business and leisure travel,

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