Yahoo Finance's Jared Blikre breaks down Thursday's market action with both the S&P 500 and Nasdaq closing the day in the red.
Video Transcript
SEANA SMITH: We're counting down to the closing bell. Jared Blikre is at the big board with some of the moves that we're seeing. What do you got, Jared?
JARED BLIKRE: Well, we're all awaiting Amazon and Apple earnings after the bell. But let's just focus on Meta one more time, down 24%, 24 and 1/2% here. Now, market on a market cap basis, we are now looking at a $263 billion handle. I remember when Meta used to take up all of this space. Here was Nvidia. Here was Tesla. Now we got this little quadrant down here-- something to consider.
Want to take a look at the price action in the sectors today. And let's get it back to a percentage basis. Here we go. Industrials, financials, utilities, energies, and now staples all in the green, mainly favoring the value trade here. Let's take a look at what's happened over the last four days. Pretty similar-- industrials, staples, financials, real estate, utilities, all of those outperforming.
Video Transcript
SEANA SMITH: We're counting down to the closing bell. Jared Blikre is at the big board with some of the moves that we're seeing. What do you got, Jared?
JARED BLIKRE: Well, we're all awaiting Amazon and Apple earnings after the bell. But let's just focus on Meta one more time, down 24%, 24 and 1/2% here. Now, market on a market cap basis, we are now looking at a $263 billion handle. I remember when Meta used to take up all of this space. Here was Nvidia. Here was Tesla. Now we got this little quadrant down here-- something to consider.
Want to take a look at the price action in the sectors today. And let's get it back to a percentage basis. Here we go. Industrials, financials, utilities, energies, and now staples all in the green, mainly favoring the value trade here. Let's take a look at what's happened over the last four days. Pretty similar-- industrials, staples, financials, real estate, utilities, all of those outperforming.