Stocks open lower following blowout January jobs report
Yahoo Finance Live anchors discuss how markets opened on Friday.
Video Transcript
[AUDIO LOGO]
JULIE HYMAN: Brad?
BRIAN SOZZI: Is that working?
BRAD SMITH: Well, the markets are also fired up and in the wrong way here on the day here. Let me just get this over to the right part. It looks like somebody may have been looking at some other data here a moment ago. But we saw there on the screen there-- and you've got it in the lower corner of your screen, for our folks at home-- the Dow Jones Industrial Average opening lower by a fraction of a percent, by about 3/10 of a percent there. And over the past three days, net lower here. The NASDAQ Composite depending upon how we end today, and that's going to be largely in focus, considering the week that we've had thus far here.
Taking a look at the past four days, we've been higher by about 5%. As of right now, lower by 2% here. And we've had some earnings that we've been bringing to your attention both yesterday after the close and this morning post some of the earnings calls as well that took place last night. Well, the NASDAQ Composite tech-heavy average, that's down and reflecting some of those declines by about 2% right now.
S&P 500, you're seeing that down by about 1%. Wouldn't be surprised if we had the worst performer in the S&P 500, 11 sectors being technology. And here on the day, well, it's not. Technology is not the worst performer. It's down by about 1 and 1/2%. But then also, you've got some move lower in consumer discretionary. That's down by about 2.7% here. And then communications services, that also seeing a leg lower of about 2% this morning. Only three, three sectors in positive territory right now, Soz.
