Yahoo Finance's Jared Blikre breaks down the market losses heading into the closing bell, also looking at the energy sector, ARK ETF components, Chinese stocks, and semiconductors.
DAVE BRIGGS: All right, we're just a few minutes away from the closing bell on this Wednesday. Let's bring in Yahoo Finance's Jared Blikre to break down the market action. What are we seeing, sir?
JARED BLIKRE: Well, we're seeing a little bit of negative price action, especially in the NASDAQ, which is down about 1 and 1/4%. Going to be the worst day in weeks here. We got a little bit of a respite from some dovish, slightly dovish FOMC minutes, but not enough to move the boat.
Want to take a look at our sector action for today. Only energy in the green, followed by utilities-- that's down slightly-- and real estate and then staples. So kind of a defensive setup here. Communication services, home of Facebook, Meta, also Alphabet taking it on the chin. That's down 2%. So are materials and consumer discretionary.
So let's take a look at some green here. This is about the only green you're going to see in terms of our heat map. Pioneer resources up 1 and 1/2%, ringing the opening bell at the New York Stock Exchange this morning. But time for some red here. We got a mixed board, Alibaba down 3%. Tencent, for its part, is up 4 and 1/2%, but jd.com down 2%.
And when you take a look at the ARK components, these have been flagging recently. Look at that. Shopify down 5%, Zoom down 6%, and as we head into the closing bell, I'm going to show you one more screen, semiconductors. Canary in the coal mine, Texas Instruments, down 3 and 1/2%.