00:00 Seana Smith
And it looks like things are taken a little bit of a leg lower as we, uh, close out today’s session, this Monday session, the Dow now down about a point, little changed on the day here. After starting the day in the red, it’s kind of made a round trip here. Uh, not necessarily any specific headlines in the last hour that necessarily would have sent things in this direction, but we’re seeing it for all three major averages. The S&P 500 also heading back to the unchanged line. The Nasdaq hanging on to a gain of a third of 1%. And it is the least sort of, even though we’ve seen some intraday volatility here, uh, sort of the most stable by comparison between positive and negative during the session. In terms of the trade headlines that we continue to watch out of the US-China talks happening in the UK, um, it looks like they have concluded for the evening. And Treasury Secretary Benson was quoted as saying that things are going relatively well so far. That said, not seeing any big enthusiasm today. Jared’s got a closer look at the action here, Jared.
01:37 Jared Blikre
Yes, not a lot of big movement in the majors today. Although, I will pull up the S&P 600, which is the small caps. This is a two-day look. We’ve had decent pops both days and the result is up 2.17%. I’ll show you the quick year-to-date and we are still trying to break out. We have just ever so slightly broken out, but, uh, not definitive just yet. And, uh, in the meantime, I’ve been tracking volatility. The VIX was up ever so slightly today. Let’s put the two-day view on that as well. Uh, but not by very much. And then the bond market, I was watching the 30-year in particular. That’s going to come into focus this week as we have about 120 billion plus in, uh, auctions from the Treasury here. And that has closed the day at 4.95%. So, those are going to be closely watched at 1:00 p.m., Tuesday, Wednesday, Thursday. And then, of course, Wednesday we got that big CPI announcement before the market opens. Here is the sector action. Let’s dial that up. And we got consumer discretionary in the lead followed by materials and then tech, that’s XLK, then XLE, which is energy. All four of these outperforming the S&P 500. Everything else in the red there, uh, led to the downside by utilities and then financials. And if we take a look inside the Nasdaq 100, mixed board. We got Tesla up 4.5% and I’ll show you, let’s take a look at the three-day. And that’s going to show us still down 7% after that huge drop that we saw last Thursday. So, haven’t quite, uh, clawed all that back, but we’ve been up two days in a row there. Apple down 1.21% after some news, uh, after the latest about its, uh, plans for the future, its devices, services, etc. Meta also down on the day. And let’s close here with the Dow. Dow is looking pretty similar to the Nasdaq in terms of the mix between green and blue. Uh, an outlier here, Boeing to the upside in the lower right. That’s up about 3.17%. As well as Caterpillar. So, two industrials. And for that matter, Boeing and defense stock. Defense has been on fire. Defense and aerospace.
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