All three of the major market averages (^DJI, ^IXIC, ^GSPC) are opening Friday's session lower, coming off the S&P 500 and Nasdaq Composite's consecutive record highs this week.

Yahoo Finance's Seana Smith, Brad Smith, and Jared Blikre take a look at this morning's market movements in addition to the five-day moving averages for the indexes.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Luke Carberry Mogan.

Video Transcript

You're seeing some declines across the board.

The dow down by about half a percent.

S and P 500 down by about 3/10 of a percent NASDAQ lower by about a quarter of a percent.

Right now.

We'll see whether or not the downward movement holds.

Let's kick it over to Jared B Booker.

He has a closer look at some of the movement that we're seeing here at the open Jared another interesting week and we're trading in the red uh to the downside today and you can see the dow down about 235 points.

Let's check out the week, the week's price action.

You can see this is over the last two days.

We do the last five and you can see we are down about 1% gonna change this to a line chart and I'm gonna show you what's happening in the NASDAQ.

So from minus 1% to almost 3% NASDAQ has been holding on to some impressive gains throughout the week.

And let's remember, this was a huge week of news with CP I and the Fed meeting and let me just show you another chart.

Here's the S and P 500 normal weighted, that's up one and a quarter percent versus equal weighted.

That's up, only 13 basis points might even be in the red there.

Suffice to say that it is, there is, there is a bifurcation in the market and this is another week where we've seen a few, a few stocks in a few different industries really leading the way and that would be chip stocks.

We'll get to that in a 2nd 1st.

Here's a 10 year T note yield.

It is down another two basis points today heading towards closer to 4% than 4.5%.

Right now.

We've also seen as those rates are coming down, the increasing chances of a rate cut in the US and here's the dollar dollar going the opposite way a little bit up.

So uh mixed messages from the bond market and the currency market.

But I did note over that.

Uh we did have that Bank of Japan announcement overseas and also the weakness in Europe that's probably translating into some dollar strength today as you can see everything in the red here.

Let me show you the last five days.

That's the entire week, tech and real estate.

Those are the two outperforming sectors.

And I'm going to with semiconductors.

This is what happened this week.

You take a look at A MD.

OK. That's down 7 6%.

But here's NVIDIA, NVIDIA down 7%.

Taiwan Semi excuse me, up seven Taiwan semi up four Broadcom up 20% and this stock is just on fire.

Let's check out the market cap of this stock and Broadcom looking like it is 785 billion.

So heading up not 33.1 trillion like NVIDIA, but uh definitely getting bigger guys.