By coinnews 
00:00 Speaker A
There’s the closing bell on Wall Street, and now it is Market Domination Overtime, sponsored by Tastytrade. Jared Blickre’s going to be along to give us the details from today’s session. I’ll start with the major averages here, which we are definitely seeing stronger on the day, but looks like a leg down in the last, I don’t know, half hour or so of trading here. Dow Jones Industrials the last time we checked was up over a percent right now. It’s up about 255 points, about 6/10ths of 1%, so it has cut its gains from the highs of the day roughly in half. The S&P 500, same goes there, still up 6/10ths of 1% but down off of the highs, and the NASDAQ Composite still hanging onto its gains, but you see that similar movement there, still up by 1.1% as we see the rally continue on, not just the trade deal or framework of a trade deal, at least being struck with the UK today as announced by President Trump and British Prime Minister Keir Starmer, but in addition to that, the president making some commentary about potentially some wiggle room on China ahead of talks in Switzerland with that country. So that’s what’s going on broadly. Let’s get a closer look at today’s action with Jared now. Hey, Jared.
01:59 Jared
Thank you, Julie. I’m just going to pull up the S&P 500, well, actually, the S&P 600. This is small caps, up 1.81%. Companies in here, even though they’re small caps, have to be profitable, but in the Russell 2000, which is up almost half a percentage point more, they don’t have to be profitable, so interesting to see that dynamic in play. We saw the VIX take a little bit of a dip, and I just go back. The indices like the S&P 500, the NASDAQ, just kind of stalling out under their 200-day moving averages, so we might have a couple days up in a row, but not by a large margin. But what is moving today in a big way is the 10-year T-note yield. That is up 10 basis points to 4.37%. Just want to keep that in the back of our minds here. And today, the US dollar was also up, so is this kind of return to the pre-Trump inauguration days when we had yields and the dollar moving in tandem? Too hard, too close to say yet, just because we’re close to the action, but that’s something that we want to continue to follow in the coming days. It’d be really interesting to see if that kind of reverts back to the way things were with these trade announcements. Now, here’s the sector action, and we can see healthcare in the red. That was leading to the downside, down not even quite 1%. Utilities, another defensive sector, also down. Real estate, staples, all the defensive sectors in the red. But what was leading today were the cyclicals: industrials, materials, energy. Not really a cyclical there always, but consumer discretionary and tech are. And so the top row, we’re seeing a lot of those reflected in the Dow and the NASDAQ 100 here. Here’s the NASDAQ 100. We can see Tesla up 3%. That was the leader in the mag 7 today. Looks like AstraZeneca moving to the downside by about 4%, but a lot more green on the screen than red, and I’ll show you how the Dow ended the day. More of a mixed board here. Walmart and some consumer staples, I was talking about those defensive ones in the red. Walmart and J&J down more than 1%. McDonald’s down about 1 and 1/2, Merck a little bit more than that. And let’s get a look at the semiconductor trade. Here we go. We can see ARM in the red for about 6%, but overall, looking like tech had a pretty solid day.