Market check: Stocks mixed after Fed minutes prompt sell-off

Yahoo Finance's Ines Ferre breaks down how markets opened on Thursday, with Tesla stock taking a hit and retail stocks largely in the red.

Video Transcript

- But first, over to Yahoo Finance Ines Ferre with a dive into the markets. Ines.

INES FERRE: Just taking a look at the sector action right now. We are watching the sectors on the S&P 500. We were looking at consumer discretionary that is lagging as well as health care and real estate. And you've got energy and financials that are in the green.

If we look at the NASDAQ 100, we're watching Tesla like getting pounded right now. Down about 4%. Also, taking a look-- as you mentioned-- in the EV space. Rivian down loose, and NIO is also lower as well.

I do want to mention some retail names after reporting some data. So we're looking at Dick's Sporting, that's up now more than 1%. This is after the company beat earnings per share estimates, also raising its profit guidance. Earlier, it was up quite a bit more.

And then, just taking a look at Costco. That's slightly lower, down about 4/10 of a percent after the company reported its December sales in the US. Comp sales, excluding gas and effects, was up 11.5% December Comp sales rose 14.5% across all regions.

I finally-- I do want to mention what's happening with Bitcoin because we are watching more of a sell off here. Down below the 43,000 level. Down about 8%. Ethereum, also getting hit today. Sozzi.

- All right. Thanks so much, Ines.