Yahoo Finance’s Jared Blikre breaks down the market and sector actions heading into the closing bell and looks at the travel and semiconductor industries.
Video Transcript
RACHELLE AKUFFO: We take it over to our very own Jared Blikre at the YFi Interactive. Jared, what’s happening?
JARED BIKRE: What’s happening? The YFi Interactive shrunk, or I got a little bit bigger. So let me just throw that out there. But we are seeing the NASDAQ approaching session lows from earlier in the day right now. It had climbed into the green a couple of times, but for the most part, kind of a lackluster day, not a lot of volumes out there. So let’s take a look inside the market. And this is going to be, hopefully, our sector analysis, actually, our leaders market. This is really interesting.
A lot more green on the screen earlier today, but the stocks, that is the Philly Chip Index, that is still in the lead here, up over 1 and 1/2%. Still seeing some nominal gains for value stocks, regional banks, and also South Korean stocks as well. Momentum is at the flatline, but to the downside, cannabis down about 3%, IPOs down 3%, so not a lot of risk-on in the markets.
Now, let’s take a look at some of our meme stocks. And again, not seeing a lot of green here. AMC down 3%, GameStop down six 6 and 1/2%, and Beyond Meat down 5%. Now, taking a look at our travel sector, it had been mixed earlier. More red than green right now. Royal Caribbean down 1 and 1/2%, but Marriott up 1.4%, with about 10 seconds to the closing bell. Let’s take a look at those chip stocks and see a little green on the screen. There we go, Nvidia up 2%, Broadcom up 2% as well. And guess what? So is Intel. Here’s your closing bell.
[BELL]
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