Stocks sharply decline ahead of Friday's closing bell
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Stocks sharply decline ahead of Friday's closing bell
Stocks sharply decline ahead of Friday's closing bell
Yahoo Finance's Jared Blikre joins the Live show to check out market and sector losses amid today's sell-off, while also looking at meme stocks and the travel industrial.
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Stocks sharply decline ahead of Friday's closing bell
Yahoo Finance's Jared Blikre joins the Live show to check out market and sector losses amid today's sell-off, while also looking at meme stocks and the travel industrial.
Video Transcript
[AUDIO LOGO]
SEANA SMITH: We are just minutes away from the closing bell. And the closing bell cannot come soon enough. Again, another ugly day on Wall Street. Jared Blikre has a closer look at this for us. And, Jared, it doesn't seem to be getting that much better.
JARED BLIKRE: No. We're going to give this 65 more seconds, then it's over, Seana. The Dow is down about 4% for the week. You can see steady losses since Wednesday. That would be FOMC day. S&P 500 not far-- actually, a little bit more far behind, almost approaching 5%, and losses in the NASDAQ well over 5%-- or just a little bit above 5%.
Here's the sector action for today. Energy really taking it on the chin. WTI crude oil closing at, I believe, about 52-week lows with a 79 handle. Haven't seen that since at least December, January, going back to about a year ago. Now, health care, utilities, tech, real estate, financials, all of those are the least bad shorts in the house.
But I'll tell you what, health care was a standout earlier this week, not so today. Also checking in on some of our risk metrics. We're going to check in on meme stocks. I haven't done that recently. Tilray down 3%. We had American Airlines down 4%, remember when that was a meme stock. Finally going to close on some of these banking stocks also taking hits, Goldman, Morgan Stanley, HSBC down 3%
[BELL RINGING]
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