By coinnews 
00:00 Speaker A
There you’re taking a live look at the opening bell at the New York Stock Exchange and at the Nasdaq. You got a great view of all the flowers, 1-800-Flowers, ringing the opening bell. One of the annual traditions at the Nasdaq, a bell ceremony celebrating Mother’s Day out there. Don’t forget to place those order for some flowers. And at the New York Stock Exchange, celebrating their recent national championship, you’ve got the Yukon Huskies women’s basketball team represented by head coach, Geno Auriemma.
00:35 Speaker A
Take a look at where we begin today’s trading session here on the day. The Dow Jones industrial average starts the day down by about 0.8% here. The Nasdaq composite, you’re seeing that calibrate right now and ultimately move lower, as is the S&P 500. That’s down by about 0.9%. Taking a look at the S&P 500, 11 sectors here, the day after we saw that win streak snapped, but taking a look at where we begin today’s activity, yeah, it’s technology. That’s actually the biggest lag on the 11 S&P 500 sectors. Energy moving higher, utilities holding on to some gains there. We’ll see how things transpire over the course of the rest of today’s trading activity. But since we did see such a kind of leg lower here, at least to start the day in technology, let’s take a look at where that’s transpiring the most. Palantir begins the day down by about 10.5%. That after earnings results, there was a lofty expectation that was out there knocking around among investors. And ultimately, Palantir taking just a little bit of a move lower here to start. Well, no, a dive lower by about 10% to start off today’s trading activity. But actually, take a look at the year to date. The company has still moved higher over the course of 2025 by about 48%. All that in consideration and in context here. Let’s also take a look at some of those mega-cap tech stocks, those MAG seveners out there. You’ve only got one really in positive territory right now. That is Apple. Shares flat, but to the upside right now by about 0.2%. And video pulling back to start today’s trading activity by about 2% there. Meta Platforms down 1.4%, Google, or Alphabet, whatever you’re calling them, call them in the red. They’re down by about 1.8%. Also, here just briefly want to take a look at the Dow 30 components just to set up today’s trading activity. We’ve got a lot of red here on the screen. Just a handful of positive moves here. And right now, rounding them out, and I’ll rattle them off because there’s so few of them. You got Chevron, you got Verizon, you got Apple, and you’ve got Caterpillar. Bringing up the caboose there, to no surprise, Nvidia again here. Let’s get to Yahoo! Finance’s Jared Blikre for a deeper dive. What’s moving after the opening cross? Hey, Jared.
03:00 Jared Blikre
Thank you, Brad. Yes, all good streaks must come to an end. For anybody tracking the S&P 500, I’m going to put a year-to-date chart in here. And this shows you the recent decline, but I want to draw a moving average. This is going to be the 200-day moving average, and you can see we have stopped just short of it. And that is a key technical level for traders. Uh, not the end of the world. It just means that things have paused and maybe traders need to regroup a little bit. I can show you the Nasdaq, very similar situation. And not so much in some of the other indices, but it does carry a lot of weight. So that’s something I do like to pay attention to. Wanted to take a look at the bond market. I’m going to take these averages off. There we go. Looks like the 10-year T-note yield is now flat. But earlier, we did hit the highest level in a couple of weeks. Also seeing the US dollar decline a little bit. So continuing this latest trend that we’ve seen where they move opposite each other, that is yields and the dollar. I want to get to some of the sector action. Cyclicals leading down, headed by tech, consumer discretionary also inside. But look at energy. Energy is up two-thirds of a percent. If we have time, I will get to crude oil in a little bit. Brad was just showing you the Nasdaq 100. I’ll just reiterate a lot of red there. Tesla kind of leading the way down among those MAG seven stocks. But I want to get to the futures market and show you what’s happening with gold because gold is on the rise once again. This is the second day in a row. I’ll put two days on here on this chart. Two days it has been up two and a half percent, and you can see from Friday, um, up pretty substantially. And if I show you the year to date, you can see how close we are to these record highs, not quite there just yet intraday, but we are approaching. Also want to mention that gold miners are also popping here. And I want to leave us with crude oil because I’ve been following that closely. Here is the year to date in crude oil, hard to see, but this is the best date for crude in several weeks, about four weeks. And so crude oil sinking to those four-year lows. We want to see that kind of rebound and stabilize, not because we want higher energy prices, but we want a good barometer for good global growth here.