Stocks: Travel and crypto dip, retail rallies, pharmaceuticals rise

Yahoo Finance Live host Jared Blikre breaks down notable high and low performers across all industry sectors, including Chinese markts, crypto, and travel.

Video Transcript

AKIKO FUJITA: Welcome back to Yahoo Finance Live. We are seeing the Dow coming off of its session lows, but still down about 175 points. Jared is always tracking the market moves for us. And Jared, we're also seeing some big moves in oil right now, down at the lowest since we've seen in a week.

JARED BLIKRE: Yeah, we'll get to that in a second. I want to start with the global indices on the YFi Interactive here. Just recapping, yeah, everything's down, but not a lot. Russell 2000-- I do have my eye on that-- is off 1 and 1/2%. But looking inside the market, the mega caps outperforming for the most part. We're seeing Microsoft up half a percent, but Tesla and Apple each up more than 2%, Amazon up more than 1%. But a lot of weakness that I'm seeing across the board, particularly in Chinese stocks. And I'm going to go through some of these kind of quickly here.

Here is the travel sector. We see Carnival Cruise Lines, Avis Budget Group, both down 2%. Southwest Airlines, United Airlines, each down more than 1%. Looking at the cannabis trade here, this is another industry that saw a lot of hot money flows earlier in the week and last week. Not doing so well today, so kind of a reversal, kind of a risk off.

And also seeing some weakness in the semiconductor space. Not as much, we don't see as much dark red as some of the other areas, but particularly focusing on NVIDIA after the bell. That stock is down 2 and 1/2% today, up over 125% year-to-date. Probably going to be some fireworks after the bell, so you won't want to miss that.

And then looking at the pharmaceutical space, a lot more green. Moderna up 4%, that is a highlight. Eli Lilly, Pfizer each up more than 1%. Healthcare is outperforming today. It looks like the second best sector, only next to retail. Yeah, you guessed it. We've been tracking the winners and losers today, Target off more than 4%, Dollar General off more than 3%, but TJX up more than 7%. Been a very sideways, choppy year for TJX, as you can see here, but back up to the upper end of its range, Akiko.

AKIKO FUJITA: Jared, let's talk about crypto. We were talking about that big sell-off yesterday or overnight yesterday. And now we're seeing prices back above that $60,000 handle.

JARED BLIKRE: Yeah, let's go back to the YFi Interactive. Not as much dark red as we saw yesterday. This is a year-to-date view. I'm going to dial this back down to a week-long seven-day view. You can see after that steep drop-off yesterday, we have been consolidating here right around the 60,000 level. I don't think we're going to crash. However, I don't think there's a lot more upside potential for Bitcoin at this particular juncture.

And this gets back to the US dollar. I want to get-- close quickly with a look at the US dollar index because that has been on fire lately. And that is a big headwind to commodities and also crypto, as we've been talking about. Here's the US dollar index. Here is a two-month view, and you can see a little bit down today. We did poke to new multiyear highs.

But we have been up sharply over the last few sessions. And I've been putting this chart up quite a bit. This is a five-year much longer term chart. The fact that we've gotten to $95, $96 means I think we might pause. We'll have to see if that happens. If that does happen, probably get that next leg up in crypto. But I'm not sure there's going to be anything beyond that.