Yahoo Finance’s Ines Ferre checks out the market and sector action ahead of the closing bell, Nasdaq leaders, the travel industry, semiconductor stocks, and the EV space.
Video Transcript
BRAD SMITH: Welcome back to Yahoo Finance Live, everyone. You’re watching with just minutes left in today’s trading activity. Let’s head on over to the YFi Interactive with Yahoo Finance’s own Ines Ferre. Ines, what are we tracking?
INES FERRE: Well, Brad, we are just looking at the markets right now, near the lows of the session, as we go into these final minutes of trading. We’re looking at the Dow that’s down 8/10 of a percent. The NASDAQ composite down more than 2%, and the S&P 500 down more than 1%.
Looking at the sector action, we have seen consumer discretionary and technology really the laggards, losing the most right now. We’re also looking at the NASDAQ 100. You can see on the left hand side of the screen, a lot of red there with the mega caps, and Tesla also lower.
And then looking at the travel stocks, we are watching right now, as we’ve been seeing, Spirit up 22%. Spirit was halted for new spending. And that would be that “New York Times” report that JetBlue is making an offer to buy Spirit for $3.6 billion. That’s $33 a share, throwing a wrench, really, in plans for Spirit to merge with Frontier, another low cost carrier.
And then finally, just checking out the semis, those have been lower today. A lot of red there on the screen, as you see Nvidia down more than 5%. And the electric vehicle makers also lower. I mentioned Tesla, but all the other electric vehicle makers and automakers today lower.
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