Advertisement
Australia markets closed
  • ALL ORDS

    8,153.70
    +80.10 (+0.99%)
     
  • ASX 200

    7,896.90
    +77.30 (+0.99%)
     
  • AUD/USD

    0.6510
    -0.0008 (-0.12%)
     
  • OIL

    83.11
    -0.06 (-0.07%)
     
  • GOLD

    2,254.80
    +16.40 (+0.73%)
     
  • Bitcoin AUD

    107,420.63
    -713.09 (-0.66%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • AUD/EUR

    0.6039
    +0.0005 (+0.08%)
     
  • AUD/NZD

    1.0903
    +0.0001 (+0.00%)
     
  • NZX 50

    12,105.29
    +94.63 (+0.79%)
     
  • NASDAQ

    18,254.69
    -26.15 (-0.14%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • Dow Jones

    39,807.37
    +47.29 (+0.12%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • NIKKEI 225

    40,369.44
    +201.37 (+0.50%)
     

Market check: Energy outperforms, Big Tech stocks slide

Yahoo Finance's Ines Ferré reports how stocks are performing into the closing bell.

Video transcript

RACHELLE AKUFFO: Welcome back to "Yahoo Finance Live" everyone. We're just two minutes away from the closing bell, and the major indices continuing their descent. Let's get a break down with our very own Ines Ferre. Ines, how's it looking?

INES FERRE: Well, Rachelle, we started the day out choppy. And we are ending on a down note, near the lows of the session. Take a look at our Wi-Fi interactive board. You're looking at the Dow. That's down 330 points, the NASDAQ the biggest loser out of the indices, down more than 3%. In fact, year to date this NASDAQ is down 27%.

ADVERTISEMENT

The S&P 500 is set to close below that key 4,000 level. Taking a look under the hood at equities, we are seeing on our sector action that we are looking at consumer discretionary getting hit, technology stocks getting hit, communication services as well. You are seeing energy stocks, which have been the outperformers throughout the day.

Over on the NASDAQ 100, look at the left-hand side of the screen. The mega caps, they are down, with Amazon part of consumer discretionary down 3%, Tesla down 8%, Apple down 5%, and Meta down 4%.