By coinnews 
00:00 Speaker A
It looks mixed. The Dow looks like we’re going to be down about 520 points. We know a lot of pain coming from United Health, uh, which cratered in today’s trade after an earnings miss. Looking at the other, it’s peers here, the other popular average is the SPX, the SP 500, your broad gauge is going to finish up about a tenth of a percent and meanwhile the tech heavy Nasdaq, that looks like it’s going to finish down about a tenth of a percent. Now to Jared for a closer look at today’s sector action. Jared.
00:38 Jared
Thank you, Josh. Let’s take a look at the intraday price action, then we’ll take a look at the week. Here is the Dow, you can see what spent the entire day underwater. Indeed, that United Health uh, rescare, I guess is weighing down the entire index right now as it’s one of the highest priced members of that index. But let’s take a look at the four-day look here. We can see the Dow down 2.66% over that time. Nasdaq down as well. Let’s check out those totals. That’s coming to about the same number, 2.6%. S&P 500, which was up today just slightly, down 1 and a half%. And then the Russell 2000 is up, uh, up 1.2% over these four days, and we also were up last week. So that’s two weeks in a row for the Russell 2000. Uh, the comps this week are really not that interesting given the outsized volatility that we’ve seen in each of the two prior weeks. So this is the sector action today. You can see energy was up over 2%, so is consumer staples. Then we have real estate, utilities, materials and consumer discretionary rounding out the top rows. What didn’t work today, healthcare and tech. Those two down about half a percent a piece. And we’ll also take a look at the four-day look, where we have kind of a split field. We got real estate up 4%, energy up three, and then tech down almost 3%, so is consumer discretionary. So really the mega cap sectors, and that’s really what we’re looking at here in the Nasdaq 100, those were some of the weakest issues, and you apply that with the market cap weighting, no doubt that’s why they were dragging down some of these indices. Meanwhile, those small caps were higher on the week.
02:55 Jared
Microsoft down about 5%, Nvidia down over 8, Amazon 6, meta almost 8%. Some fairly significant losses there again. But take a look at some of the smaller issues there. There is a decent amount of green on the screen, so it’s not necessarily broad-based. And we can also see this if we take a look at, let’s look at the Ark Innovation fund here. We’ve got a couple winners here, Beam and Roblox, but uh, unprofitable tech, not really rounding out the week well.