00:00 Speaker A
haven’t seen this in a while. Uh let’s take a look at the Dow on the Wi-Fi interactive. You’re going to see it’s down over 870 points, 1.88%. S&P 500 hasn’t had a 2% down day since uh some of those April lows and we are down 2.7% right now, just wrapping and up and getting some of those closing prints in. And the Nasdaq meanwhile, down 3 and a half%. That is quite a sum.
00:23 Speaker A
Uh small caps also down more than 3%. You can see that in the S&P 600 there. And I want to quickly tick through some of this, uh some of these other indices. The VIX not surprisingly up as that uh rises when equities tend to crash like they have today. Haven’t seen a 21 handle in the VIX since April. and so that’s something what we’re going to talk about in the uh market takeaways in about 30, 40 minutes here.
00:46 Speaker A
And let’s take a look at the sector action. Only staples, consumer staples finish in the green, that’s considered a safety sector, and tech, certainly no bastion of safety today as it was down 4%. That’s XLK right there.
00:59 Speaker A
Also energy underperforming down almost 3%, consumer discretionary where you have Amazon and Tesla down more than two and a half in industrials and financials and materials also down more than two. And taking a peek at the Nasdaq 100, a lot of dark red there, and you can see especially in some of the mega cap names, we haven’t seen anything like this in a while. Invidia down almost 5%, same for Amazon, Broadcom up or down more than 5%, Tesla also down five, AMD which has seen an incredible surge recently,
01:23 Speaker A
and let’s check out the five-day total. still in the green for 30%. So AMD holders still looking at some sizable gains for the week, but definitely not today. And taking a look at the Dow, few green spots, which are kind of part of the safety trade, Walmart, McDonald’s and Coca-Cola. Aside from that, you got IBM down 3% or plus plus United Health and Nike down more than three or 4%.
01:43 Speaker A
And just switching over to China, which was really kind of the big deal as part of the headlines that we got earlier from Donald Donald Trump as he posted on Truth Social. Big losses there, mostly dark red, down 8, 9, 10% in some of these cases. And I’m going to switch over to the US once again to show you what small tech is doing in the disruption, looks like Roblox is in the green today, but semiconductors shelled and software off considerably.
02:05 Speaker A
And on that note, I’ll send it back to you.