00:00 Speaker A
There’s the closing bell on Wall Street and now it’s market domination overtime. We’re going to be joined by Jared Blickre to get us up to speed on the action from today’s session. First, I’ll start with where the major averages ended on the day. And it’s not much different from what we saw in the past hour or so. That is not much changed for the three majors today. The Dow moving the most, but a poultry third of 1% down about 119 points here. The S&P 500 very little changed as was the Nasdaq, pretty much you got to go out a few decimal points to even get any kind of numeral there of for the Nasdaq’s change today. As we’ve been talking about, the market’s kind of in a pause, wait and see period when it comes to more tariff headlines and this ahead of meetings between US officials and Chinese officials in Switzerland over the weekend. We shall see what that yields. Jared, give us a closer look at today’s action.
01:21 Jared
Uh, thank you, Julie. It was a fairly quiet week by modern historical standards and that includes a Fed announcement. So, there you go. Here’s the Nasdaq. This is a five-day total down just fractionally, just a little bit more than one quarter of a percent. Here’s the Dow down a little bit less than that, and the S&P 500 down less than half a percent. We also go to the Russell 2000, see where that lands, and that’s actually positive right now. So, go figure. Uh, VIX, the VIX has been uh intriguing me. This is a five-day look and we are closing at some of the lowest levels in the week, but actually, if you put up the year-to-date chart, you can see this is the lowest level, at least on a closing basis, since April. And then we took a look at the ISP of A move index. That’s like the VIX of the bond market. That is at the, uh, I think that’s about five week lows right there. And we can also check in on the 10-year T-note yield, which is up net this week just a little bit, but still around 4.33% or 4.38%, excuse me. Uh, let’s get into the sector action, check out some of the heat map action. Energy is up 1% today. That’s on the back of a rising crude oil which has had uh some gains this week coming from pretty depressed levels, almost four-year lows. Healthcare was the biggest laggard today, and we’ll check out the sector tallies for the entire week. Healthcare after having a couple biotech stumbles earlier, that was down 4.2%. Industrials takes the cake for the winner up 1.1%. Nothing else up more than 1% and nothing else besides healthcare down more than 1%. So again, another kind of sideways action week here and a bit of a respite for investors because it has been rocky over the last month or two. This is the five-day total. Uh, let’s get back to the intraday so we can see what happened today. Tesla of 4.72%. That is one of the few outperformance here. A couple other dark green squares looks like Texas Instruments up 4%, Marvel up 3.5%. To the downside, we’re looking at crowd strike that’s down 4.21% today. And we can also take a look at the Dow and we see a mixed board. Uh, besides the mega caps, excuse me, which we were just looking at in the Nasdaq 100, United Health down 1%, uh, 1.3%, Chevron up though, 1%. That’s that energy trade I was talking about. IBM down 1%, Amgen down two. So kind of ho-hum there. And, uh, let’s close and see what’s happening in China because we’ve seen that uh in fits and starts over the year and, uh, looking at a mainly red board for China and just the five-day total real quick. Still looking pretty red. Send it back to you, Josh.
05:23 Josh
Thank you, Jared.