Yahoo Finance's Seana Smith discusses how stocks are performing into the end of the trading week.
SEANA SMITH: Huge reversal happening midday. You can see the Dow now off 273 points as we enter the final hour of trading. We had been up 370 points earlier today. As you can see on this chart right here, the selling starting to happen right after noon. Let's take a look at the S&P because we were above that critical 4,000 level that we've heard so many analysts talk about over the last couple of days. Although, right now, just above 3,900. That 3,900 level, more and more analysts coming out today saying that that is the next critical level to watch.
NASDAQ moving to the downside now for the sixth day in a row. You can see it off just around 1%. Taking a look at the sector action that we're seeing play out here with just around an hour to go, communication services, health care, real estate, and technology among the biggest laggards for the day. Energy holding onto gains, up just around 2%. Taking a look at the action that we've seen so far this week, over the last five days, technology by far the biggest laggard this week, off just around 4 and 1/2%.
As we take a look at today's action inside the NASDAQ, a lot of the selling that's happening in the final couple of hours has been driven by some of those larger cap names. So you have Apple off just around 1%. Microsoft, Google, Tesla, Nvidia, some of the names here trading to the downside in the final hour. Dave?
- Good stuff, Seana. Thank you.