By coinnews 
00:00 Speaker A
There’s the closing bell on Wall Street. And now it’s Market Domination Overtime, sponsored by TD Ameritrade. We’re going to be joined by Jared Blickry to get you up to speed on the action from today’s session. I’ll start with the major averages here. And as we talked about, sort of a lot of zigzagging in the wake of both some trade comments from President Trump, of course, the Fed decision and then press conference, then a report in the last 20 minutes or so, um, affecting chip stocks, especially Nvidia. So all of that equaling an update for now, all three major averages. After some of them were negative for much of the day. The Dow higher by 285 points or so, that’s about a 7/10 of 1%, the S&P 500 up by 4/10, but it definitely was negative for some of the afternoon here. And the Nasdaq, which was most consistently negative throughout the day, finishing in the green up by about a quarter of 1%. Jared’s got a bigger breakdown here. He’s at the New York Stock Exchange today for a closer look at the action. Hey Jared.
01:46 Jared
Hey, Julie. Uh, thank you. And I’m going to also include the Russell 2000 here, kind of the laggard of the day, up about 1/3 of a percent. And I’ll just check in on the bond market in a second, but let’s take a look at the VIX. VIX down today still hovering about 20, 23.62. But, uh, I consider this kind of a win. The S&P 500 has still yet to clear its 200 day moving average. So that’s looming just above the current levels. But let’s go to bonds real quickly. We see those take a little bit of a hit here. Uh, the yield anyway, down three basis points to 4.28%, probably nothing to write home about. As has been happening lately, US dollar moving in the opposite direction here. And, uh, let’s see, it looks like I might not have the Wi-Fi. And yeah, there we go. Dollar up about half a percent. Let’s get to some heat maps here and check out the sector action for the day. Only three sectors in the red of the 11 starting with materials. That was the biggest laggard down half a percent, then you got communication services where we have Alphabet and Meta. And then real estate. But tech was a leader today along with consumer discretionary. Throw healthcare in there too. Healthcare had a little bit of a slip yesterday due to some biotech, uh, negative developments, I think on the earnings front. Let’s check out the Nasdaq 100. There we see Alphabet taking that hit down about 7%. Uh, AI is quite the competitive deal for Apple nowadays. And Apple itself down 1%. Apple kind of lagging the rest of the Mag 7 recently. But Amazon up 2%, Broadcom up over 2, and Tesla up about a third. And we’ll check in on the Dow here. Uh, pretty green board aside from Apple. We got United Health down, Verizon, Boeing, Caterpillar, Sherwin-Williams down, but Honeywell trading about 2% to the upside. Want to dig into the tech trade real quickly here, and I’ll leave you guys on that. Here’s a semiconductor, besides Nvidia up 3% today. And I already hit Broadcom. Taiwan Semi up 1%, ASML up 3, Qualcomm up 3%. And let’s get into unprofitable tech. Uh, not Tesla, but a lot of these other issues. DraftKings for instance up 3%, Robinhood up 2%. That is the Ark Innovation Fund holdings, more of a disruption trade. And then, uh, we’ll finish off here with the tech trade on software. A little bit of a downdraft for CrowdStrike. That’s down 4% to the right of your screen on the heat map. And Microsoft just trading about break even, Salesforce up almost 2%. And other than that, a pretty risk-off, risk-friendly day, given all the drama we’ve had with tariffs and everything, I think a sigh of relief after Powell today.