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Stocks open lower, energy sector in the green

Markets started the week on the lower end, though energy stocks opened higher.

Video Transcript

- All right. We got the opening bell here on this Monday morning. [BELL RINGING] That's a normal amount of books.

- There's a ton of books. Got a lot of books. I think it was on the history of the auto industry. I think his first book is on the Model T and Henry Ford.

- Yes, we've talked to a lot of people who talked to us from in front of bookshelves.

- A lot of books.

- OK. Anyway, there's the opening bell on this Monday morning here. P10 ringing the opening bell. I guess it had its listing a year ago.

- Is that an exercise company?

- No. Apparently, it's a private market solutions provider.

- I was close.

- It does sound like a workout company. But it is not. All right. Brad Smith, as we see a downdraft here to start off the week, what are you seeing?

BRAD SMITH: Yeah. P10 is actually a spin off of Tony Perkis's exercise regimen, there. All right. We're going to take a look at the major averages here. What? "Heavyweights"? Nobody's watched the movie?

All right. Take a look at the Dow Jones Industrial average right now. It's lower by about 6/10 of a percent out of the gate here. NASDAQ composite, lower by about 6/10 of a percent as well here.

And then the S&P 500, let me give you a chart view of just how we're looking over the past, we'll give you, five days. Why not? Just to give you some of the activity that we'd seen last week, of course, on some of the Fed commentary.

But then later on, yeah, you saw on Friday, that move lower, and that coming off of the jobs data that came out in the monthly jobs report. But ultimately, here over the past five days, still holding on to some net gains of about 2% here.

Also, checking in on some of the sector activity out of the gate this morning. We've got the 11 S&P 500 sectors largely in negative territory right now.

Energy, yeah, you're seeing that higher by about one and a quarter percent. No doubt, a lot of movement in the energy sector off of the OPEC news that we've been tracking. But ultimately, the sector is still down by about 7/10 of a percent.

It's consumer discretionary that's actually bringing up the caboose on the day. Right now, it's down by about 1.4%. We've also got some negative movement in the way of real estate. And then, as well, it looks like we've got some staples in negative territory too, by about 1.2%. Julie.

- All right. Thanks, Brad.