By coinnews 
00:00 Speaker A
seeing Consumer Discretionary leading the game or the losses in after-hours trading here. So we’re taking a look at here is the 11 sectors of the S&P 500. Of course, the S&P 500 not itself moving, but we’re looking at the red lines here. The red lines mark after hours action. Sets your energy sector down about 1%, but I want to take a look at the key losses we’re seeing. Tech is leading this sell-off after hours right now. Tech sector down over 3%. That’s largely being led by a sell-off in the chip sector. So I’m going to take a quick look at semis there as well. You can see Taiwan Semiconductor, we mentioned tariffs coming to Taiwan. Taiwan Semiconductor down 5%. You have Nvidia down over 4%. Broadcom down over 4%. I’m going to flip back to the sector action here just to highlight a couple more moves we’re taking a look at again, Consumer Discretionary also one of the key sectors selling off right now, down about 3.1%. Of course, Consumer Discretionary, the home of both Amazon and Tesla, as well as a lot of retail names that would be exposed to tariffs. Going to take a final look just inside the NASDAQ 100 to take a look at the large selling we are seeing right now in those magnificent seven names. I see Apple down over 6%. Of course, Apple with a lot of exposure to both Taiwan and China. Then you take a look at Amazon. Amazon down over 5%. Meta down over 4%. Again, Nvidia, one of those key market leaders down almost 5%. Looks like it might be an interesting open tomorrow on Wall Street when you see all of these large stocks down this much, that usually does not mean a good open for the major indexes.
02:42 Speaker B
You know, Josh, this is interesting because you’ve been of course tracking any number of very high profile, Weber regards strategists. And as you’ve been noting in your reporting, we’ve had a flurry of them come out recently leading up to this event, and they were taking down their targets, right? And what did they what did they often list was, it was Liberation Day and their worries about tariffs.
03:15 Josh
And and it seems like, Josh, right now, the read is this is worse than expected, right? So that was sort of the fear we’ve been hearing from strategists would be, well, maybe the tariffs might not be quite might be more than strategists had sort of figured at this point. I know Brett Ryan from Deutsche Bank has offered sort of a similar take to you from an economist perspective. Neil Dutta over at RenMac said he’s surprised that this board doesn’t look worse. He’s wondering if investors right now are sort of hopeful that maybe there’s some negotiating going on here. So perhaps there’s even more selling in stores we get into tomorrow if we don’t hear more about how potential negotiations will play out. Remember, we’re still waiting to hear from how other countries are going to respond to the US, and that’s a key part of this story as well and something that strategists have been worried about in terms of how it will impact.
04:37 Speaker B
And did they negotiate, retaliate? We’ll find out. Josh, thanks so much. And