And as promised, I do want to check out the banking sector before we go. I'll be doing a deep dive on the energy market at 2:30 PM today. By the way, crude oil, I'm looking at it- it is up 3% to the highest level that we've seen since 2014. So a couple of more screens here, we do- I do want to check out the banking sector.Īnd this is the energy. And the back- the stocks that take a backseat are those growth stocks. But that usually lights a fire under the value stocks, energy and financials. We saw it up as many as three basis points earlier.
WATSAPP DOWN UPDATE
I'm going to go over to the 10-year T-note yield and just get an update on what's happening today. And that's just continuing.Īnd it kind of feeds into the bond market here.
WATSAPP DOWN SOFTWARE
So I've been tracking the weakness in not only semiconductors, but also software over the last week or two. Crowdstrike, that cybersecurity firm, down 5%. We're seeing Adobe down 4%, Atlassian over 3 and 1/2%. Applied Materials down over 3%, and seeing something similar in software. Seeing a lot of weakness there in Nvidia, one of the leaders in that space.
So let's check in on the semiconductor space. In general, we're seeing a bad day for tech. And I think there is something to be said for that story leading to the negative price action, or at least, contributing to part of it that we're seeing today. Suddenly, the story gets ratcheted up in the national conscience. But the whistleblower commentary, somebody who comes forward and names themselves as a whistleblower, they put a face to that. So, almost the worst day in one year.Īnd I think the woes for tech in general today and especially the mega caps, as you noted, a lot of these other stocks in the NASDAQ 100 are red or dark red. It's the biggest hit this stock has taken since late October of last year. Facebook down over 5% doesn't happen that often. But let's go to the YFi Interactive because this is a big one. Any time that happens, you'll see the stock take a small hit. As many as 20,000 people reported this on DownDetector. JARED BLIKRE: Yes, and I'm going to add a third thing to that list, which is that Instagram and Facebook are suffering outages. Facebook just getting hit today, not just because of the tech sell-off, but because of the news that's been coming out, particularly around this whistleblower. And Jared, I know you've been watching the market action very closely here. The NASDAQ is the biggest laggard on the day, down about 2 and 1/2% here, as we see a rotation out of tech. We are looking at an ugly day in the markets on this Monday, with the Dow now down more than 400 points. AKIKO FUJITA: Welcome back to Yahoo Finance Live.