WEBVTT 00:00:00.000 --> 00:00:03.827 align:middle line:90% 00:00:03.827 --> 00:00:05.060 align:middle line:84% SEANA SMITH: Just a couple of minutes 00:00:05.060 --> 00:00:06.320 align:middle line:90% here until the closing bell. 00:00:06.320 --> 00:00:08.610 align:middle line:84% Taking a look at where we stand right now, 00:00:08.610 --> 00:00:11.290 align:middle line:84% the stocks coming back a bit, with the Dow off just around 49 00:00:11.290 --> 00:00:12.090 align:middle line:90% points. 00:00:12.090 --> 00:00:14.540 align:middle line:90% S&P and NASDAQ also in the red. 00:00:14.540 --> 00:00:17.120 align:middle line:84% Jared Blikre is joining us now with a closer look 00:00:17.120 --> 00:00:18.117 align:middle line:90% at some of these movements. 00:00:18.117 --> 00:00:19.250 align:middle line:84% And Jared, it really has-- we were 00:00:19.250 --> 00:00:22.010 align:middle line:84% expecting this, but holding true here, a pretty 00:00:22.010 --> 00:00:24.490 align:middle line:90% volatile day for the market. 00:00:24.490 --> 00:00:25.690 align:middle line:84% JARED BLIKRE: Yeah, and we were kind 00:00:25.690 --> 00:00:28.240 align:middle line:84% of expecting some volatility, not the least of which 00:00:28.240 --> 00:00:31.180 align:middle line:84% is because it's quad witching expiration. 00:00:31.180 --> 00:00:33.430 align:middle line:84% We also have that rebalancing, Tesla being added 00:00:33.430 --> 00:00:35.050 align:middle line:90% to the S&P 500 at the close. 00:00:35.050 --> 00:00:36.460 align:middle line:90% We've been talking about that. 00:00:36.460 --> 00:00:38.050 align:middle line:84% All and all though, we're poised to finish 00:00:38.050 --> 00:00:39.280 align:middle line:90% the week with some gains. 00:00:39.280 --> 00:00:42.160 align:middle line:84% And as you said, the market is coming back right now. 00:00:42.160 --> 00:00:46.330 align:middle line:84% We can see the Dow is up about 68 basis points, less than 1% 00:00:46.330 --> 00:00:47.240 align:middle line:90% for the week. 00:00:47.240 --> 00:00:49.360 align:middle line:84% Now, the NASDAQ, although it's down on the day, up 00:00:49.360 --> 00:00:52.100 align:middle line:90% 2.8% over the last five days. 00:00:52.100 --> 00:00:56.230 align:middle line:84% The S&P 500, 1.3%, and the Russell 2000, 00:00:56.230 --> 00:00:58.270 align:middle line:84% rather, now that is one that is selling off into the close 00:00:58.270 --> 00:00:59.070 align:middle line:90% here. 00:00:59.070 --> 00:01:02.050 align:middle line:90% It's still up more than 2.9%. 00:01:02.050 --> 00:01:05.110 align:middle line:84% But I also wanted to take a look at the 10-year T-note yield. 00:01:05.110 --> 00:01:06.970 align:middle line:84% That's settled about two basis points 00:01:06.970 --> 00:01:09.040 align:middle line:84% up for the day at 95 basis points. 00:01:09.040 --> 00:01:12.070 align:middle line:84% And also, the US dollar index was up slightly, 00:01:12.070 --> 00:01:13.960 align:middle line:90% but overall, down for the week. 00:01:13.960 --> 00:01:15.700 align:middle line:84% And I got to mention crude oil because that 00:01:15.700 --> 00:01:20.440 align:middle line:84% settled at the highest level, $49.10, since late February. 00:01:20.440 --> 00:01:23.590 align:middle line:84% Now here's a look at the NASDAQ 100 heat map, where we see 00:01:23.590 --> 00:01:25.570 align:middle line:84% the mega caps under a bit of pressure 00:01:25.570 --> 00:01:27.460 align:middle line:84% here, though well off their lows. 00:01:27.460 --> 00:01:29.200 align:middle line:84% A lot of these guys were down 2%, 2 and 1/2%, 00:01:29.200 --> 00:01:32.050 align:middle line:84% just an hour ago when we were checking on the markets. 00:01:32.050 --> 00:01:35.680 align:middle line:84% Apple is still down 1 and 1/2%, Amazon down 1%. 00:01:35.680 --> 00:01:39.010 align:middle line:84% Facebook now in the green for 9/10 of a percent. 00:01:39.010 --> 00:01:43.300 align:middle line:84% Gotta check out the chip space here because Intel is down 6%. 00:01:43.300 --> 00:01:45.790 align:middle line:84% This comes after Microsoft is looking 00:01:45.790 --> 00:01:49.780 align:middle line:84% into setting up its own chip designs for its cloud servers. 00:01:49.780 --> 00:01:52.960 align:middle line:84% So Intel and some other stocks taking it on the chin here. 00:01:52.960 --> 00:01:55.690 align:middle line:84% But we got to take a look at the rebalancing heat map 00:01:55.690 --> 00:01:59.320 align:middle line:84% here for Tesla, which is in the green now by 7/10 of a percent. 00:01:59.320 --> 00:02:01.600 align:middle line:84% And a lot of these other big stocks 00:02:01.600 --> 00:02:04.030 align:middle line:84% which had been sold during the day 00:02:04.030 --> 00:02:05.680 align:middle line:84% are now bouncing back a little bit. 00:02:05.680 --> 00:02:08.502 align:middle line:84% And here is the closing bell on Wall Street. 00:02:08.502 --> 00:02:11.478 align:middle line:90% [BELL] 00:02:11.478 --> 00:02:12.470 align:middle line:90% 00:02:12.470 --> 00:02:14.950 align:middle line:90% [GAVEL] 00:02:14.950 --> 00:02:16.450 align:middle line:90% 00:02:16.450 --> 00:02:18.680 align:middle line:84% SEANA SMITH: And that does it for the trading day today. 00:02:18.680 --> 00:02:21.620 align:middle line:84% Again, all three of the major averages closing in the red. 00:02:21.620 --> 00:02:25.990 align:middle line:84% The Dow off just over 100 points off 115, S&P off 12 points. 00:02:25.990 --> 00:02:28.130 align:middle line:84% That's a 3/10 of a percentage point drop. 00:02:28.130 --> 00:02:31.207 align:middle line:84% NASDAQ just closing right around the flatline, 00:02:31.207 --> 00:02:33.040 align:middle line:84% really coming back there in the final couple of minutes 00:02:33.040 --> 00:02:35.440 align:middle line:84% of trading, off just 9 points, so 00:02:35.440 --> 00:02:38.290 align:middle line:84% falling there from that record close yesterday. 00:02:38.290 --> 00:02:41.650 align:middle line:84% You heard Jared go through some of that sector action 00:02:41.650 --> 00:02:42.610 align:middle line:90% that we're seeing today. 00:02:42.610 --> 00:02:45.700 align:middle line:84% Weakness really being led by a drop in real estate 00:02:45.700 --> 00:02:47.020 align:middle line:90% and also a drop in energy. 00:02:47.020 --> 00:02:51.017 align:middle line:84% Those two sectors off just around 2% today. 00:02:51.017 --> 00:02:52.150 align:middle line:84% Taking a look at some of the other 00:02:52.150 --> 00:02:54.870 align:middle line:84% laggards when it comes to the Dow, Intel the biggest decline 00:02:54.870 --> 00:02:56.410 align:middle line:90% there, off just around 6%. 00:02:56.410 --> 00:02:59.260 align:middle line:84% Apple and Chevron, both of those stocks off just 00:02:59.260 --> 00:03:03.180 align:middle line:90% around 1 and 1/2% today, so--