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Nasdaq extends losses, Treasuries and U.S. dollar rise

Yahoo Finance’s Ines Ferre joins the Live show to break down how stocks are moving in early trading.

Video Transcript

[AUDIO LOGO]

JULIE HYMAN: We've got our Ines Ferré who's gonna take a look at all of that for us. So confusing data here.

INES FERRÉ: Yeah, that's right. We are seeing a little more pressure on the markets right now, though. We're watching the Dow that's down more than 150 points. As Sozz pointed out, the markets had opened in the green and then rolled over into the red.

We're looking at the NASDAQ composite extending its losses. Down almost 1% right now. And also the S&P 500, down about 6/10 of a percent. Taking a look at the 10-year Treasury note. This is going higher up, 12 basis points so it's at 3.31%. Looking at the US dollar index. That's also near a 20-year high that we're watching.

So let's take a look right now at the sectors because we have been seeing some of the defensive sectors in the green. We are looking at utilities, healthcare, real estate that are in the green. But the rest are in the red. You've got communications services, consumer discretionary, those are really taking the hit right now, along with financials.

Looking at the NASDAQ 100, quite a bit of red that you're seeing on this screen. You've got Amazon that's down more than around 2%. You've got Netflix that's down more than 4% right now.

And I do want to mention what's happening with the trending tickers because we are watching our Yahoo Finance page. The top two trending tickers, that being Bed Bath & Beyond and also DWAC, Digital World Acquisition.

Remember, this stock? This is the blank check company that was going to merge with former President Trump's social media company. Well, they've had a vote and according to Reuters, it looks like they do not have the necessary votes to delay that merger for a year. So you're looking at the stock that's down and right now about 14%, guys.

BRIAN SOZZI: Ines Ferré, thanks so much. Appreciate it. All right.