Retail stocks on the move: Amazon, Lowe’s, Bed Bath & Beyond

Yahoo Finance's Brad Smith gives an update on the markets.

Video transcript

- Big Fed day. We're going to get to the decision later on this afternoon. But taking a look at how the major averages are moving on today's session going into that announcement, and then the press conference as well. You're seeing the Dow down by about 4/10 of a percent. Let's set the mood with some candlesticks here and take a look at some of the larger movements that have been taking place there. Also getting just another look at some of the other major averages here on the day.

We'll try to get markets back later on. Oh, there they are. OK. Well, anyway, we've moved on. We're going over to sectors right now. Sectors on the day, as we had seen some major laggards throughout the early morning session, we've now seen all 11 S&P 500 sectors in negative territory, move into negative territory. Financials has also slipped into the red. That's flat but to the downside.

Take a look as well at consumer discretionary as we've been tracking that. That's down by about 3/10 of a percent. And with that in mind, we want to take a look at some of the retail names, as I've been tracking those. And you've got a lot of red in retail right now. Amazon hyper waffling. Walmart down half a percent. Depot down 4/10 of a percent. And take a look at the declines in Lowe's, moving lower on the day by about 1%. Also, you've got a host of others just to put this in broader perspective here at some of the declines on the day. You've got, of course, Bed Bath & Beyond as well. That's down by about 1% right now. Julie, over to you.

- Thank you very much, Brad.