SEANA SMITH: Just a couple of minutes
here until the closing bell.
Taking a look at where we stand right now,
the stocks coming back a bit, with the Dow off just around 49
points.
S&P and NASDAQ also in the red.
Jared Blikre is joining us now with a closer look
at some of these movements.
And Jared, it really has-- we were
expecting this, but holding true here, a pretty
volatile day for the market.
JARED BLIKRE: Yeah, and we were kind
of expecting some volatility, not the least of which
is because it's quad witching expiration.
We also have that rebalancing, Tesla being added
to the S&P 500 at the close.
We've been talking about that.
All and all though, we're poised to finish
the week with some gains.
And as you said, the market is coming back right now.
We can see the Dow is up about 68 basis points, less than 1%
for the week.
Now, the NASDAQ, although it's down on the day, up
2.8% over the last five days.
The S&P 500, 1.3%, and the Russell 2000,
rather, now that is one that is selling off into the close
here.
It's still up more than 2.9%.
But I also wanted to take a look at the 10-year T-note yield.
That's settled about two basis points
up for the day at 95 basis points.
And also, the US dollar index was up slightly,
but overall, down for the week.
And I got to mention crude oil because that
settled at the highest level, $49.10, since late February.
Now here's a look at the NASDAQ 100 heat map, where we see
the mega caps under a bit of pressure
here, though well off their lows.
A lot of these guys were down 2%, 2 and 1/2%,
just an hour ago when we were checking on the markets.
Apple is still down 1 and 1/2%, Amazon down 1%.
Facebook now in the green for 9/10 of a percent.
Gotta check out the chip space here because Intel is down 6%.
This comes after Microsoft is looking
into setting up its own chip designs for its cloud servers.
So Intel and some other stocks taking it on the chin here.
But we got to take a look at the rebalancing heat map
here for Tesla, which is in the green now by 7/10 of a percent.
And a lot of these other big stocks
which had been sold during the day
are now bouncing back a little bit.
And here is the closing bell on Wall Street.
[BELL]
[GAVEL]
SEANA SMITH: And that does it for the trading day today.
Again, all three of the major averages closing in the red.
The Dow off just over 100 points off 115, S&P off 12 points.
That's a 3/10 of a percentage point drop.
NASDAQ just closing right around the flatline,
really coming back there in the final couple of minutes
of trading, off just 9 points, so
falling there from that record close yesterday.
You heard Jared go through some of that sector action
that we're seeing today.
Weakness really being led by a drop in real estate
and also a drop in energy.
Those two sectors off just around 2% today.
Taking a look at some of the other
laggards when it comes to the Dow, Intel the biggest decline
there, off just around 6%.
Apple and Chevron, both of those stocks off just
around 1 and 1/2% today, so--