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Stocks: Microsoft rises, Apple and other mega caps in the red

Yahoo Finance Live’s Jared Blikre breaks down how stocks are performing in intraday trading.

Video transcript

[AUDIO LOGO]

- And I'll tell you what, just looking at this market, today's price action, very representative of what's going on over the last month. The Dow is up. The NASDAQ is down. That huge outperformance by some of the value in cyclical sectors continues today.

And let's take a look inside the market. This is our price action for today. And we can see utilities, defensive sector, that is in the lead. That's up 65 basis points, followed by real estate, industrials, health care, energy, financials. To the downside, it's tech which is taking it on the chin here, followed by communication services and consumer discretionary, materials.

These three sectors right here, that's where we see those huge mega-cap names. So let's take a look at some of those, which are mostly in the NASDAQ. Here we see Microsoft in the green for about 12 basis points. Everything else on those megacaps in the red. Apple down about 1 and 1/2%.

Taking a look at some of our leaders here, regional banks, that's KRX in the upper left, that's up 6/10 of a percent, followed by a low volatility ETF. Transports getting a little love today. Value, Momentum, not seeing any big trends here. Could be just a one-off given the low volatility and low volume of this day. KWEB taking it on the chin to the downside. That's down over 3 and 3/4%. That is a Chinese internet ETF.

We've been talking about the lockdowns in some of those regions in China, disrupting supply chains over there, especially with respect to Foxconn. That would be Apple. So here, Alibaba is down 3%. JD down 4%.

Just want to close here, it is a retail-focused day so we're gonna end with retail, at least I am right here. Home Depot up 1 and 3/4%. Kroger up 1%. Aside from that, kind of a sea of red except for some of these smaller guys. We are chatting about that, Sozzi and I, just before the change of the hour.

And some of those leaders of the year to date are plastered right there. American Eagle Outfitters up 1 and 1/2%. Even Home Depot finding itself in the leadership here, Sozz. Looks like people buying a lot of lumber to stick under the Christmas tree. Thank you, Jared. Appreciate it.