That bell marks the end of regulation. Log Pro style ringing the closing bell at the New York Stock Exchange, Versa Bank, doing the honors at the NASDAQ and stocks drifting higher to cap off a solid week for the Bulls.

S&P closing above 5500 for the first time since April 2nd with nearly every sector positive since Monday's open, led by tech, and the volatility index the VIX pulling back that is the

scorecard on wall street but winter stay late welcome to closing bell over time i'm john ford

morgan breton is off today coming up this hour we will talk to ben wright's from melius research

about whether the tech rebound can last ahead of results next week from Amazon, Apple, Meta, and Microsoft.

And Moody's Analytics chief economist Mark Zandi is going to join me with his warning about

the odds of a recession and one data point next week that needs to be on your radar.

But first, breaking news from the Fed, Megan Kasella, has the details.

Megan. Hey, John, that's right. Megan Kassela has the details. Megan.

Hey, John, that's right.

The Fed just now putting out its biannual financial stability report.

This looks at risks and vulnerabilities in the financial system.

And the top line here is that despite all the recent volatility, the impact on these vulnerability

indicators that the Fed tracks has been limited.

The Fed says valuations remain high across a range of assets, that's equities, treasuries,

and real estate, and that is in spite of the declines that we've seen so far this month.

They say liquidity in treasury and equity markets was low and got worse in April, but they

also say in the report that market functioning remained orderly.

Now, total debt levels for households and for businesses remain low as a share of GDP,

but indicators of business leverage, they say, are elevated.

Private credit continues to grow, and the report says that a sustained decline in earnings

could put some vulnerable business borrowers at risk.

...