Market check: Stocks sell off, bitcoin dips below $19,000

Yahoo Finance's Ines Ferre joins the Live show to break down how stocks are moving in early trading.

Video transcript

BRIAN SOZZI: Now let's get over to our very own Ines Ferre at the YFi Interactive. Big selloff here, Ines.

INES FERRE: Yeah, big selloff that we're watching right now. And we are watching the major averages. The NASDAQ losing the most out of the major averages. And the NASDAQ 100 at its lowest point now since June 17. So you can see some of the mega-caps here, Amazon down more than 5%. Google also lower.

Taking a look at the Dow, almost all 30 Dow components being in the red. You've got Chevron though, that is hanging on to some gains right now. Looking at the sectors, we are seeing consumer discretionary that's losing the most. You've got utilities that's in the green.

And if we just take a look at a quarter to date chart, you can see-- Julie did a good job earlier of pointing out consumer discretionary during the last quarter losing the most. Energy also in the red for the last quarter. But if you take a look at a year to date chart, you still have energy that's seeing gains. Consumer discretionary again in the red, losing the most.

Looking at also the retail space because we are talking about consumer discretionary-- that's a year to date. But let me just pull up an intraday chart right now. We are seeing some 52-week lows for some of these, including Target, Gap, Kohl's, RH.

And also on the travel sector stocks, we are seeing some 52-week lows here as well. You've got Delta, Royal Caribbean, Carnival, Expedia, all of these are at 52-week lows. And finally just want to point out what's happening with crypto because we are seeing Bitcoin below the $19,000 level, guys.

BRAD SMITH: All right, Yahoo Finance's own Ines Ferre, thanks for breaking that all down for us.