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US stocks (^DJI, ^IXIC, ^GSPC) end Thursday's session lower after losing steam from yesterday's Federal Reserve meeting, the Nasdaq slipping just a third of a percent lower to lead daily losses.
Market Domination Overtime hosts Julie Hyman and Josh Schafer and Yahoo Finance markets and data editor Jared Blikre review the day's market and sector moves.
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
trading little changed by the end of the day, particularly with the Dow. We've got it down 11 points, not even a tenth of 1%. The S&P 500 off about a fifth, between a fifth and a quarter of 1%. The Nasdaq down a third of 1%.
Stocks didn't really go anywhere from an index perspective, right? And I think you we were just chatting in the break, we're going to be speaking with Evercore ISI Julian Emmanuel tomorrow on the network. He's been calling it three two steps forward, three steps back, right? Or one step forward, two steps back. And that's just what the market feels like right now. You think you get a little bit of momentum off that Fed meeting and not so much, right? It pulls back a little bit. You can't really get a lot of things going in consecutive days.
Well, and as we've been talking about, we talked about with Michael Kantrowitz at the top of the show, that as long as you have that uncertainty, that tariff cloud hanging over the market, it's going to be difficult to make much progress to the upside.
And who knows when that's going away?
Very good point. All right, let's send it over to Jerry now for a closer look at today's action.
Thank you. Uh I'm trying to make sense of this too. I am noting, however, that in the midst of this, I'm going to call it a rally, five-day rally here. We are seeing the VIX finally drop below 20, kind of hold there. And let's put the last five days in perspective real quickly, and you can see at the lows there over that time period. And then we'll just compare that with the S&P 500, which is doing its seven steps forward, five steps back here, and we're still looking at gains of two and a half days over the trailing week going back to last Thursday basically. And let's take a look at the sector action. Here we have four in the green. It's energy, utilities, financials, and healthcare. Nothing by much. Uh and to the downside, tech was leading. That's down 7/10 of a percent. Right behind, we have materials and then staples, but not a lot of outsized reactions in the market here. If we take a look at the Nasdaq 100, also seeing a lot of ho-hum, although a little bit more red than green. Broadcom notably looks to be down about two and a quarter percent. And we got some smaller names. Uh there's microchip down about 6% there. And let's just check in on the semi space. We'll go through some of the tech industries, and you can see Nvidia up on the day, Taiwan Semi up 2%, but a lot of red looking in there as well. And here's the software look, more red than green. IBM is stand out, uh down about three and a half percent today. And then we'll go to small tech, and this is unprofitable tech, a lot of these arc innovation components. Tesla in the green, but only for 17 basis points, and a bit more red than green here too. I'll leave us on the Dow, and here we can see a mixed board. And I'll just sort it by equal weight so we can see, yeah, a few more losers than winners, and seems kind of par for the day. Not a lot of outsized, not a lot of outliers, but also not a lot to get excited about.
