Yahoo Finance

You've got the Dow and the S&P 500 moving to the downside by about three quarters of a percent right now. We'll continue to track that. 8/10 of a percent roughly in decline for both of those major averages. The Nasdaq Composite, that is calibrating and calibrating to the downside to start off today's activity. Lower by about 9/10 of a percent. Want to take a look at some of that sector activity here on the day as we begin the trading session. You're seeing all of the 11 S&P 500 sectors in negative territory right now. Uh color me surprised, but color it red if you will across the board. The Dow Jones Industrial Average, of course we were tracking that in the red. Consumer discretionary, one of the leading sectors that's in the red as of right now to begin the session. That's down by about 1 and a quarter percent. Uh and I was hoping that we'd see potentially a bright a bright spot as I was diving into that, but we don't have one. Um taking a look at the Meg 7, you're seeing red across the board there as well. Uh sans Tesla. That's up right now by about 1 and a quarter percent. Interesting as we were seeing that name move to the downside and futures, but now catching a bit of a bid at the gate here this morning. And then taking a look at Apple and Nvidia and Microsoft seeing some fractional pullbacks there as well as with Amazon and Alphabet. Ah, another Meg 7 name has found its way into positive territory. That just after the open is meta platforms up by about 2/10 of a percent. Lastly, before I toss it on over to Jared Blikre who is standing by, let's take a look at the Dow Jones Industrials, those 30 components here on the day. You've got just one bright spot and that is Verizon. That's flat, just barely to the upside. We'll see if we can hold on to that. The worst of the decliners right now is the swoosh, formerly Blue Ribbon Sports, now Nike for the past few several decades basically. You're seeing that lower by about 7 and a half percent to start off the day after reporting earnings yesterday. You saw a bit of a pop after the initial report dropped and then after the call, that's when you started to see some of the slippage as analysts investors wrap their minds a little bit more around what's what's disseminated both in data and some of the broader analysis and assessment of the environment for the company and the consumer that it services as well. We'll continue to track all of these names and much more. Proctor and Gamble has found its way into the green as well and J&J saying, hey, hold my beer. We can do that too. Let's get on over to Yahoo Finance's Jared Blikre for a look at what's moving here. Jared.

Thank you. Uh, Blue Ribbon Sports, learn something new every day. I want to go back to the indices where we have stocks, that would be the S&P 500 and the Nasdaq, snapping four-week losing streaks. And let me put a five-day total on here so you can see, uh, well, we're not seeing the positive action just there. Let's see if we can do it in the SP S&P 500. No. So basically that was the case yesterday, but it looks like we're going to extend that streak if we hold on to these, but uh, things can change into the close. We only got half a percent and we have been seeing some rallies throughout the day. So anything can change into the close, but we'll keep that in mind. Uh, here is the VIX. The VIX has climbed back over 20. It's just kind of one of those big psychological levels, uh, but we did see it pop below that early yesterday and kind of sustained that way throughout the day, but we're back above. So stocks in a little bit of sell-off mode here. 10-year T note yield, not seeing a lot happening with that. US dollar actually touched the highest price in two weeks, if only briefly, but to be fair, it really hasn't done much over the last few weeks. It's just been consolidating this big down movement that we saw at the beginning of the month. And for that matter, we've seen a lot of consolidation all over the place in the markets this week. And uh, sometimes it's easy to get caught up in the day-to-day movements, but uh, a lot of those movements have not been big. As Brad noted, uh, everything in the red here sector-wise, we're looking at tech and consumer discretionary leading the way down, industrials also in the mix, and materials down more than 1%, but I want to show you who's leading for the week. That would be energy. Energy is up 3.4%. And then I'll show you the year to date. Energy is up 8.4%, leading over healthcare. And just real quickly here on energy, I'm going to show you a five-year chart. It has been uh, basically doing nothing since the 2022 bear. It looked very promising, petered out about mid-year, and then it hasn't done anything since then, uh, except frustrate some traders. Here's a max chart just to show you that it has been at these levels before, 2014, uh, 2008, 2009. So energy is poised to make a breakthrough, but that could take months, maybe a year to develop. Uh, here's consumer discretionary, the the worst performer of the year. That's down 13 and a half percent. That gives a good segue into our Meg 7 where uh, Tesla was a big part of that uh, story of consumer discretionary being weak, but not today. Tesla now up 1.77%. Meta also climbing in the green there. But for the most part, the Meg 7 stocks have been consolidating as well. I want to get over to futures where we have copper. That is coming back, that is pulling back a little bit, but it was almost at a record high. And I've been tracking this, basically the same headline for days now, uh, nearing a record high. It looks like it is at a record based on this, but but uh, some intraday action earlier here, uh, suggests that it has maybe another percent to go. Anyway, we'll be monitoring that if and when it finally does break out. But think about what that says about the demand picture around the globe. You throw some tariff uncertainty in there. It's an impressive market to watch. Finally, and here is Bitcoin. Bitcoin not doing a whole lot. It's been consolidating as well. I'll show you the year to date. Uh, it's just been hanging out at these uh, at these lows and it rejected 87,000 earlier today, and that's after rejecting 77,000 a few weeks ago. So if you're doing the math, that's about a $10,000 swing that we're seeing in Bitcoin. Doesn't really matter what happens until we break out of that. So 77 to 87 is our range that we got to break out of.