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The Nasdaq Composite (^IXIC) closed 150 points higher as Wall Street anxiously awaits President Trump's tariff plans. Market Domination Overtime Anchor Josh Lipton and Yahoo Finance Markets and Data Editor Jared Blikre break down the action at the close.
To watch more expert insights and analysis on the latest market action, check out more Market Domination here.
Let's see where the major averages ended up here. It was another volatile session on Wall Street. The Dow basically finishes flat here. We're down about 30 points. The S&P 500, your broad gauge, it battles back, claws back into positive territory. Finishes up around four tenths of a percent, and your tech heavy NASDAQ takes the gold. It finishes up about nine tenths of a percent. Of course, this all comes as investors hope for more specifics, more details, maybe more clarity from President Trump, who is, of course, expected to announce those reciprocal tariffs tomorrow. Now, over to Jared for a closer look at today's sector action. Jared.
Thank you, Josh. We got a little bit of a mixed market here. Dow kind of flat as you said, but interestingly in the NASDAQ and the S&P 500, we have a bull trap. That's a technical consideration uh configuration that has happened over the last two days. I'm going to be breaking that down with Josh in about 30 minutes. Uh but let's go through the indices here. S&P 500 also looking at some gains, but I did want to track the VIX. The VIX has come down just a little bit, still hovering above 20. It's at 22 right now. You can see that on your screen. And the 10-year T-note had a pretty pretty big drop today, nine basis points to uh basically the lowest point or very close to the lowest point of the year. So, interesting development there to watch, uh especially as as we head into some more economic heavily uh periods with respect to the markets. Now, if you take a look at the sectors sectors today, healthcare was down 1.8%, by far and away the biggest losers loser. Financials slightly in the red, but consumer discretionary and tech had nice days of 1% and about three quarters of a percent. Uh respectively, energy and industrials also out performers. And let's take a look at the NASDAQ 100. You can see a lot of love for the mega caps here, Tesla up three and a half percent. Meta, Alphabet, Amazon, Nvidia, and Microsoft all up more than 1%. So some nice green there. And if we take a peek at the Dow, we can also see green, a little bit of red there. Uh Visa down 1%, United Health down just a little bit, Disney down 1%. For the most part, a pretty broad-based risk on day. And just rounding things out with some of the leaders here, weakness in biotech. I did say healthcare was leading the way down. So these two biotech ETFs are biggest losers here. Regional banks, KRE, that's also in the mix to the downside. Value stocks not doing that great. But Bitcoin, GBTC up 3%, and also the MAG seven. So some of the larger issues plus crypto, which is interesting. And I'll finish on Bitcoin. Bitcoin up 3.06% over the last 24 hours to just short of $85,000.
Thank you, Jared.