Seana Smith analyzes market trends in the intraday trading session, in addition to the U.S. dollar and bond markets.
SEANA SMITH: Let's get you up to speed on the market action as we head into the final hour of trading. Taking a look at the major averages, all three of the major averages in the red right now, starting with the Dow. The Dow off just around 375 points, back below 30,000. And the NASDAQ off just around 6/10 of a percent. S&P also moving to the downside, off about 1%. Today, Russell 2000, the small cap index here, moving to the downside, once again off just around 6/10 of a percent.
Taking a look at the bond market, the yields are trending higher once again, as we're seeing pressure in equities. The 10-year yield up six basis points to 3.82. The 30-year up to 3.79. Taking a look at the US dollar index, that also trending to the upside, now back above 112.
Taking a look at some of this sector action this afternoon, a bit of a mixed picture, I guess you can say, with energy the only sector holding onto gains, up just around 1.6%. But for the rest of the market, we really are seeing some pretty broad-based selling. Real estate and utilities the worst performers so far of the day. Real estate and utilities both off just around 3%. Dave.