00:00 Speaker A
That is your closing bell on Wall Street. Taking a look at live images from the New York Stock Exchange and the Nasdaq here. And now it is market domination overtime sponsored by Tasty Trade. We are joined by Jared Blickery to get you up to speed on the action from today’s trade. But let’s see where the major averages ended up here. Taking a look at your S&P 500, just barely eking out intraday gains. We did see quite a bit of volatility, but I should mention a prettier picture when you zoom out a touch of the last three days. We’re up about 4%. If you look at how we’ve been doing year-to-date here, just eking out enough to get back in the black here for the S&P 500. Taking a look at the Nasdaq still under a bit of pressure year-to-date in terms of today’s market action. Though you can see that the tech heavy Nasdaq gives up about seven tenths of a percent, driving a lot of the gains here in your tech heavy Nasdaq. Of course, the chip names you had in video closing up 4% today. Let’s head over to Jared now at the New York Stock Exchange for a closer look at the sector action, Jared.
01:49 Jared
Well, hi, thank you, Maddie. Yeah, this is by my account day number six to the upside for the Nasdaq, day number two to the downside for the Dow. Healthcare weighing on the Dow once again. And you were just looking at the Nasdaq 100. I’m going to search for the Dow and let’s take a look at that. United Health was a big loser yesterday, basically cut in half over the last month. And you can see it’s down at the bottom of your screen down about 1.1% today. So a little bit less worse than yesterday. Merck down 4%, Amgen down 3%. And if we take a look at the sector action here, you can see healthcare by far and away the biggest laggard to the downside down 2.3%. But to the upside, it was the mega cap sectors, the mag seven sectors, tech, XLK communications services, and consumer discretionary all in the green, but not by big margins. And so we’re not seeing too many outside movements today. And if I take a look at some of the leaders, we see mag 7 ETF MAGS that is leading to the upside followed by solar, which has been popping lately along with Kweb. Now, it’s a Chinese internet ETF. To the downside, we got home builders down two and a half percent, biotech another two percentage points down, cannabis, and also Bitcoin. But let’s dig into some of these real quickly. I just want to take a look at the tech sector inside the semiconductor space. Nvidia leading for the second day in a row all of the mag seven, that’s up 4%, up a little bit more in the upper right. That is AMD up 4.68%, arm up more than 5%, and to the downside leading is Intel. That is down 4.6%.