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Stocks: S&P 500 touches 52-week low, Microsoft market cap dips below $2 trillion

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Yahoo Finance's Ines Ferre joins the Live show to break down how stocks are moving in midday trading.

Video transcript

AKIKO FUJITA: Treasury yields also in focus today. We saw the 10-year yield hitting its highest level since November 2018, although we have seen it come down since. For more market action, let's bring in Yahoo Finance's Ines Ferre. Ines.

INES FERRE: And Akiko, you just mentioned the NASDAQ. And let me just pull up the NASDAQ, down more than 3% right now. If we take a look at a three-day chart, it's down more than 9% over the last three days, today on Friday and on Thursday. Take a look at the S&P 500 right now. That's a three-day chart, down 6% over the last three days. But you can see it's down more than 2% right now. We are taking a look also at WTI crude because crude has been sliding today, down more than 4 and 1/2%. Accelerating losses is what we're seeing here.

Looking at the sector action under the hood with equities, we are seeing energy stocks losing more than 6% right now. You've also got technology that is one of the laggards, down more than 3%. XLY, consumer discretionary, down more than 3%. All 11 sectors, though, of the S&P 500 are in the red right now. And here's the NASDAQ 100. So take a look at the left-hand side of the screen-- the mega caps, the heavyweights.

We're looking at Amazon that's down more than 3%, hitting a 52-week low. You've also got Microsoft there that's down more than 3%. In fact, I'm going to put up the market caps. Look at this. Microsoft is trading below the $2 trillion level. It hasn't seen that level since June of last year. Going back to percentages, we're watching Tesla, part of consumer discretionary, down more than 7%. Then you've got Nvidia, the semis, that are lower as well.

In fact, I'm going to also pull up a year to date chart because I just want to show you sort of the deterioration that we've seen with the NASDAQ 100. It's down 23%, a little more than that for year to date. And you can see about 50% of the components are down at least 23% or more. So you've got, in fact, right here is Tesla down 24% year to date. And then on the bottom, you have the bottom performers year to date, which are Netflix down 70%, Peloton down almost 60%. PayPal, Lucid, DocuSign down more than 50% year to date, Akiko.

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