Stocks trade lower as markets, investors digest a busy earnings week

Yahoo Finance Live’s Julie Hyman breaks down how stocks are moving in intraday trading.

Video Transcript

JULIE HYMAN: Let's take a look at markets here. Not just on the day, but of course, it's Friday so let's take a look at what's going on the week. We have the Dow Jones down about 4/10 of 1%. Worst week since March, the week ended March 10th. But it's not a big downdraft, right, just 4/10 of 1%.

Here the S&P 500 similarly down about a half a percent. The NASDAQ is down about 1%. That's just its worst week in about two weeks when it was also down about 1%. And then switching on over to some of the heat maps here. I want to get a check on some of the ones we were talking about before. And in particular, Tesla.

This is a really interesting one, right? Because earlier we were talking about it rising because after it has been cutting prices announced overnight it was raising prices on some of its higher-end vehicles. Initially the stock was higher and now it's gone lower. Let's take a look at a two-day chart to show you with the earnings reaction yesterday.

Well, it's still down 10% over the past two days. So it has not released a recovery. And we're seeing red pretty broadly now across the NASDAQ 100. With the notable exception of Amazon, which as we talked about earlier got some positive commentary out from JPMorgan. But even it has trimmed its advance for the day. So interesting to watch that there.

I'm going to check on the leaderboard here. This is one that Jared likes to look at that looks at sort of the sentiment leaders, if you will. So seeing in the green here today some of the biotech stocks. But then at the bottom of the pack this is an interesting one, we've got the Krane Shares-- China Internet ETF, that's the two-day chart here. If we look at the one-day chart, we see it down about 2.7%. So China Internet not doing well in today's session. Semiconductor stocks also getting hit today, which is another interesting, maybe leading indicator especially going into technology earnings next week. Semis seen as leading broader tech because, well, lots of tech uses semiconductors.