Dow, Nasdaq, S&P 500 falling after Israel airstrikes on Iran

Yahoo

16 hours ago

All three of the US market indexes (^DJI, ^IXIC, ^GSPC) start Friday's trading session in negative territory, falling after Israel coordinated airstrikes to target Iran's nuclear facilities and top military leadership.
Brad Smith examines the stock and energy sector moves this morning after the opening bell.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
begin today's trading session riddled with conflict right now in the Middle East, as investors waking up this morning, firing up their trading engines. And as we're taking a look at some of the major averages, we're seeing where some of that slippage that was already being shown in the futures, now transpiring into the opening cross here. The S&P 500 right now down by about 8/10ths of a percent, Dow Jones Industrial Average. That's lower by about 1.1% to begin today's trading activity. Also, I want to pull this up on a chart view just so you can see how the S&P 500, we had actually gotten back to one of our highest levels since February here, highest closing close since February. And so taking a look at the year to date move here, we are still holding onto gains year to date for the S&P 500 of about 2%. But this is exactly where we wanted to show traders where we had been kind of leveling off here. And this was a key level for us to continue to track. Try to draw you a straight line here. I needed to get my yardstick out in order to make sure that we could fully get that carried out. But ultimately here, with the absence of a yardstick, there, you can see visually with your eyes just those levels and where we're coming in at. The Dow Jones Industrial Average still flat just barely to the downside, as of right now, year to date. And then the NASDAQ composite, which is calibrated here on our YFi interactive data, we've got that lower by about 9/10 of a percent to start off today's trading activity, year to date up 9/10ths of a percent. Want to take a look at some of the heat maps that we've got fired up for you here. The only, and this should come as no surprise, the only sector in the 11 S&P 500 sectors right now in positive territory, that is energy, as oil prices move higher. XLE, you're going to see that go with it as well. That's up 2%. 10 of 11 S&P 500 sectors in negative territory right now, dragged on the most by consumer discretionary names. That's down by about 1.2%. Additionally, I want to take a look at the NASDAQ 100 here, give you a quick look at some of those Mag 7s, as well as the mega cap tech stocks. And as of right now, you can see only a few areas of green peppered into this mix here. As of right now, the one outside leader that we're tracking is actually Diamondback Energy. And of course, this, synonymous with what we were just talking about with the sector activity and the bid that energy names are catching here, this morning in reaction to the oil price spikes here. Taking a look at Diamondback Energy, that's leading the pack. It's up by about 5.4%. However, pulling up the caboose right now, you've got Adobe, that's down 4 and a quarter percent, fresh off of earnings here. However, you still heard some of the bullish sentiment from our previous guest, Gill Area of DA Davidson here, and how he's evaluating that name. A few other names that we're tracking here out of the gate this morning, you've already got Marriott down right about 2.7% right now. And then a host of other names in the red, majority in the red here on the NASDAQ 100 as of right now.