All three of the major averages (^DJI,^GSPC, ^IXIC) saw a sharp sell-off, with the "Magnificent Seven" dragging down the Nasdaq. T. Rowe Price global head of multi-asset and chief investment officer Sébastien Page says the bulls and bears are truly in a fight over where the market is headed, with bears making the case for an economic slowdown while bulls argue rate cuts will keep the rally going.

There were plenty of earnings after the closing bell. Market Domination Overtime anchors Julie Hyman and Josh Lipton break down the quarterly results from Ford Motor (F), Chipotle Mexican Grill (CMG), IBM (IBM), and Whirlpool (WHR).

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