Stock exchanges open the session lower, the biggest lag in the sector is the energy sector

All three major stock indexes (^DJI, ^IXIC, ^GSPC) are falling this morning, with the Dow Jones Industrial Average leading the losses

Morning Summary Presenters Brad Smith and Madison Mills monitor market and sector losses after the opening bell, and are joined by senior markets reporter Jared Blikre, who reviews May’s S&P 500 performance and checks in on the broader commodity market.

For more expert insights and the latest market action, click here to watch the full Morning Brief episode.

This post was written by Luke Carberry Mogan.

Video transcription

Hey, we’re watching the opening bell.

Here we are. Morning brief prepared by Invesco.

Let’s do a quick check of the markets here.

I thought we’d look at the New York Stock Exchange, but first let’s look at the Dow Jones Industrial Average.

We’re about three-tenths of a percent off goal right now.

In this case, the NASDAQ composite prices moved slightly downwards, still in positive territory for the last two days.

And then S and P 500.

You see it drops by about 2/10 percent.

Get some sector activity going as we’re taking a quick look at 11 S and P 500 sectors.

These are the last two days.

Let’s take a look at this throughout the day.

So you have an active view of what’s happening outside the gate this morning, is that really the only gain at the moment?

Staples.

Yes, it’s interesting that we continue to see this type of sentiment risk.

I noticed that the weight index of S and P is equal, and now we move across the board to the negative side.

We see that perhaps there is some broadening taking place.

That’s why S and P are in the apartment.

S and P equal. Wait, where?

As we see the broader S and P index trending negatively, this is likely to continue as we continue to approach the opening bell.

But we’ll get a closer look at this issue from Yahoo Finance’s Jared Blicker.

He keeps track of what’s happening in the markets for us on our big board.

Jared, what do you have for us?

Thank you, Matty.

I wanted to take this and upload Wi Fi Interactive here.

Uh, we just finished a very positive May and Dietrich has crunched the numbers so we have a bigger picture.

We have just experienced the best May of the S and P 515 years.

And if we look at the top 10 Mays and the results, we find that the rest of the year increased twice, by 10.5% compared to 4.9%, and June increased by 1% compared to the negative average.

So June tends to have a little bit of negative seasonality, but given the strong gains, the conclusion, as I like to say, is that it’s a strength.

We are gaining strength now.

I want to look at the dollar as well as the 10-year bond yield as both have come under a bit of pressure recently.

Here’s a two-month look at the US dollar index just after rebounding slightly after a string of losses.

But I’ll show you that this happens to be an important support area, and here we have the top of the head and shoulders.

If we break below, we should gain some momentum.

And this would be a tailwind for stocks, i.e. a lower dollar, which usually favors risky assets.

Here’s the 10-year T bond yield, which is also falling.

But there is one thing I checked.

Uh, if you look at what’s happening with the goods and I don’t have to repeat WT, I’m primitive and I’m in that rhythm.

But, sorry, commodities in general have really dropped lately, and that has to do with the deteriorating economic situation.

We have poor production data, so that’s what it’s all about.

So, if a soft landing is not an option, and no landing is, you need to think about a possible hard landing.

So I think this will be another turning point.

But it’s probably a bit further.

And here we have the sector opening mix for the day.

Energy, the biggest loser here with oil, and now below about $78, $77, um, real estate, the only sector in the green.

Let’s take a quick look at what’s going on with the NASDAQ.

And here we have a mixed board.

However, NVIDIA, it looks like this will be another record.

Here’s a four-day look and it’s actually above yesterday’s highs.

So another record for NVIDIA.

Surprise, surprise, surprise as always, Jared. Thank you so much for joining us and sharing all the markets for us.