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Stock market: S&P 500 on track for worst first half in 52 years

Yahoo Finance Live anchors discuss how stocks are moving in intraday trading.

Video transcript

JULIE HYMAN: We are seeing stocks still in the red, but sort of bouncing off the lows a little, little bit. The Dow, instead of being down 500 points, is now down almost 400 points. The S&P 500 now off about 1.4%. The NASDAQ composite off by nearly 2% on the day. Let's dig into it and look at some of the movers that we are watching here in this session. I'm going to go to the sector action here and see what's on the move on the day. There's the year to date action. I'm going to switch it back on over to what's going on today.

So we see utilities, actually, is the lone group that's in the green here today. Consumer discretionary not surprising, given what we're hearing from more retailers like RH. Tech is down, materials down, energy down, and financials. So a lot of big, pretty weighty drops here within the major averages that we're seeing. One more look at the quarter to date, too, as we are finishing out the quarter today. Everything in the red on the quarter, guys. And consumer discretionary has been the worst performing group. So as we wrap up this quarter, I mean, bummer ish, I think that was the word that you like that I used earlier.

BRAD SMITH: We had bummer ish. We had shrugging face as well.

BRIAN SOZZI: Yeah, awful.

BRAD SMITH: We've also had dip of the dippity dip.

BRIAN SOZZI: Yeah, just waiting for the next retailer earnings warning here. RH, that quarter was disturbing. You've seen the sell-off accelerate in that stock. And as for me, I'm going to put some air in my tires. I really like those tips from Robert Sinclair. Home run.

BRAD SMITH: That's how you keep the car going and save some money.

JULIE HYMAN: Yeah, that was a really good tip. I like that. Put your air in your tires to increase your fuel efficiency. By the way, Walgreens the top trending ticker on Yahoo Finance. That's not helping stocks overall. The stock is down by 5% after earnings. RH, which you mentioned, is down 11% after earnings. And you pointed this one out to me, Sozz. Canopy Growth down 18%, maybe because of some chatter around Constellation Brands, which owns a stake in the company, and--

BRIAN SOZZI: We'll put that question to Bill Newlands, Constellation CEO. He'll be on the show tomorrow morning. But they've been very adamant they want to keep Canopy, so interesting to see. That stock, that move suggests perhaps they divest that stake.

JULIE HYMAN: Yes, we will keep an eye on it. We will ask Bill about that tomorrow.