david darst and matt cheslock.g back with the closing countdown. >> fed forever. >> you think? >> that's what the market wants. what about dallas federal reserve president richard fisher, the noted inflation hawk. he'll be here with us and is singing a very different tune. he'll join us exclusively in the next hour on the "closing bell." stay with us for that. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. >>> all right. heading towards the close, and, boy, it locks like we may finish

this is a true bellwether in the economy, isn't it, matt cheslock? >> absolutely. trading up near highs in cisco so we'll see how much they will really have to do to produce but one major index that hasn't hit the high is the nasdaq. looking for the techs to lead. hasn't been apple or intel or microsoft. maybe cisco is the one to take us to new highs. >> the leader today which was positive, amazon, comcast, our parent 100% now and facebook, so, you know, it's the new technologies that are leading the way here. >> facebook had a nice turnaround after they came out and said they sold apple and buying this one. a big move late in the day but the nasdaq has been positive all day and think that could be the new leader to take us to new highs. >> going well off the lows of the day, the dow down 38 points, the s&p and nasdaq positive. stand by for the very important cisco earnings on the second hour of the closing well with maria. see you tomorrow. >> and it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome to the "closing bell." i'm maria ba

. >> matt cheslock, watching gold. thank you, my friend. down 100 points on the dow today and the nasdaq 47 points. former fed governor will respond to the fed minutes and earnings from tesla in the second hour of the "closing bell." >>> and welcome back to the "closing bell," everybody. boy, what a last hour we've just had. i'm mandy drury sitting in for maria bartiromo. bill griff sit coming back in just any moment now. meantime, stocks are sinking after a relatively hawkish fed minutes. that kind of spooked investors, and as you can see we're just settling up now, but it looks like the dow is down by 110 point and the nasdaq off 49, 1.5% less and the s&p 500 down by 1.2%, sitting there at 1511. as you can clearly see in terms of absolute numbers, 14,000 no more. we're now below that mark on the dow. bill? >> so, the question becomes was the day's downturn just a fluke, or is it the beginning of a much anticipated correction? let's ask peter sorrentino from huntington asset advisers, allen gale, michael jones from riverfront investment gr

my friend matt cheslock of virtue financial, what do you see here?is market doesn't seem to want to go down here. >> we keep talking about it every time i come on. >> we only bring you on on up days, by the way. >> that's why it's up right now because i'll take credit for that because it's going against me. visa tonight, this could be an important one as we take about the consumer as we go forward. how much are they going to be impacted as we go down the line? interesting to see what he has to say going forward with the new ceo on board and what he thinks of the