By coinnews 
00:00 Josh
That is the closing bell on Wall Street and now it is Market Domination Overtime sponsored by Tastytrade. We are joined by Jared Blickre. Get you up to speed on the action from today’s trade. Let’s start with where the major averages ended up. We got some red on the screen here. The Dow is going to finish down about 390. Your broad gauge, the S&P 500, down about 8/10ths of a percent. Tech having Nasdaq down about 9/10ths of a percent. There were some different cross currents today. Trade, of course, front and center, Treasury Secretary Scott Beson telling house lawmakers that the Trump administration could announce trade deals with some of our largest trading partners as soon as this week, but also did note that negotiations have not started with China. And of course, all this is coming before the Fed’s decision tomorrow. We know President Trump has been applying pressure there. We also know that J. Powell has signaled monetary policy is on hold. Now to Jared for a closer look at today’s sector action. Jared.
01:33 Jared
Thank you, Josh. Let’s dial up the WiFi interactive behind me and I will show you. I’ll begin with the price action in the Dow. We started off the day negative. Didn’t quite reach into unchanged territory. Never got green, and then we finished the day lower pretty close to where we started the day. And you take a look at the S&P 500, pretty similar story there, down about 3/4 of a percent. And then the Nasdaq, that is down 87 basis points, just a little bit more. And if you’re counting, that’s two straight down days for the major indices. And then that follows that nine-day up streak that we had in the S&P 500. Uh nothing too worrying here, but we’re going to talk about some technical reasons why the market might be pausing, Josh, you and I in about 30 minutes. Here is VIX. That has been trending up over the last two days as equities have been falling, uh, but not a lot. I show you the year-to-date here, and you can see that two-day up move is just a tiny, tiny blip. Nothing in comparison to what we saw at the beginning of April. And then just taking a quick look at the bond market, here’s a year-to-date of the 10-year T-note yield. That is down three basis points to 4.31%. Now, let’s get a check of the sector action. Only utilities finishing in the green there. That’s a pretty defensive move. Healthcare leading to the downside. Saw a lot of weakness in biotech today. Consumer discretionary and industrials and tech also underperforming. And if we take a look at the Nasdaq, pretty red picture there. Uh not a lot of outliers to the upside. Looks like Chegg up about 10%. Palantir 12% to the downside. DoorDash down 7%. Vertex, uh, down about 10%. And just taking a look at the leaders, you’re going to see biotech at the bottom. Both IBB and XBI are biotech ETFs, and those are down about five, six, seven percent a piece. Also seeing a lot of weakness in Ark, and if we take a peek inside the Ark Innovation Fund components, Tesla is a big one there, but the biggest loser looks like CRISPR, Beam, and then Shopify down 4%. Back to you, Josh.
04:44 Josh
Thank you, Jared.