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Stocks hit session lows at the close, Chinese stocks move higher

Markets were in the red at the close of trading on Monday, while Chinese stocks moved higher despite COVID lockdowns in the country.

Video transcript

JARED BLIKRE: We are only minutes from the closing bell, so let's break down the market action. We see the Dow, S&P 500, and the NASDAQ each off about 1 and 1/2%. Just a quick look at the intraday price action. Did have some fireworks from some comments, other hawkish comments from both Bullard and someone else from the Fed.

But let's get to the price action, the heat map price action for today. And in our sectors, we can see everything in the red, staples leading the pack, but the least dirty shirt in the laundry basket, real estate taking it on the chin, down 2 and 3/4%, followed by energy, materials, and tech. All of those down more than 2%.

And if we take a look inside the NASDAQ, we're going to see some weakness, kind of a mixed board among the mega-caps. Amazon, as well as some other electronic retailers, enjoying a little Cyber Monday love here. That's up about 2/3 of a percent. With less than a minute left, looking like we do have some action in Chinese stocks. So let's take a look at that. I was talking about Pinduoduo earlier on.

But despite some of the chaos in China, guess what? You might not expect to see all this green on this particular board. Here are some ARK components. Disruption not faring as well. You can see Tesla, the big one, that's about breakeven. Zoom down 5%, Coinbase down about 3%, 3 and 1/2%.

And just looking inside the tech sector, we want to take a look at semiconductors. A lot of weakness here. Micron down 4%. Qualcomm down 3%. And in the software, we also see a little bit of weakness as well. Here is your closing bell on Monday.