By coinnews 
00:00 Speaker A
There’s a closing bell on Wall Street and now it’s market domination overtime, sponsored by Tasty Trade. Jared Blikre going to be along in a moment to get us up to speed on the action from today’s session. I’m going to start with the major averages. Here, we ended mixed here on the day. The Dow which started the day negative, then climbed as the day went on, finishing higher by a little better than a half of 1%, call it about 273 points or so. The S&P 500 also higher by about 4/10 of 1%, and the Nasdaq lower by 2/10 of 1%. We did have a lot of economic data this morning. Um, wholesale prices falling last month, retail sales, if you back out gas and autos, also falling here after a strong performance the prior month. Um, jobless claims kind of holding steady here, so all of it equaling lower bond yields and a mixed picture for stocks today. Jared’s got a closer look at the action.
01:17 Jared Blikre
Thank you, Julie. Uh, just stick with the Nasdaq a second. This is snapping a six-day streak that the Nasdaq had on. And guess what? Reversing positions with the Dow, which was down the last two days, but is now up today. And let’s take a look at that bond market move because I’ve been tracking that correlation with between bond yields and the US dollar. Dow 10 year was down seven basis points today. And guess what? The dollar was down as well. So good news that that correlation is still holding there. That my thesis is that is positive for risk assets writ large. Uh, just noticing Bitcoin down a little bit, but I do want to get to the futures action. Sorry, sector action today. We got utilities and staples in real estate and healthcare. All of those are leading, led by utilities, which is up over 2%. So is staples. Those are defensive sectors. So not the most bullish configuration, also taking a look at consumer discretionary. Uh, that had been up six days. That is now down today, so that streak is out. But tech and communication services are now down are now up four days along with the S&P 500. So we’ve got an interesting mix of streaks. Dow, Nasdaq and S&P 500 all kind of doing their own little things here. And again, highlighting that this was a defensively bullish day. Now, if I look at the Nasdaq 100, you can see the Mag 7 largely underwater today, led by Amazon and meta to the downside, down 2%. Tesla also down 1%. Microsoft, one of the few mega caps in the green there, but up only about 2/10 of 1%. And if we flip over to the Dow, we can see a mixed board here as well. If you look to the right at some of the smaller names, guess what, healthcare coming back a little bit today. J&J up 2%, uh, not a healthcare name, but Visa up 1 and a half percent, Procter and Gamble up almost 3%. United Health, this continues to be a saga. I know Angeli Camlani has been following this. Let me just show you the year-to-date chart though. Uh, from over 600 to now 274, a shocking drop in market value, uh, down 45% now year to date. And let’s let’s leave off on the leaders here because ITA, that is the aerospace and defense ETF, that is leading the way up 2%. That was the least hurt when we had that big drawdown in April. That has been hitting record highs. That is another record high today, uh, just going on very strong. And then biotech finally coming back after a few days of struggle.