Stocks close in on a losing month, energy and utilities sectors lead intraday gains

Yahoo Finance's Jared Blikre looks at how the stock market ended the month of August on a lower note, while energy and utility stocks were among the biggest leaders.

Video transcript

DAVE BRIGGS: All right, just a couple of minutes from the closing bell. A lot of red on the board at the moment. Let's bring in Yahoo Finance's Jared Blikre to break down today's market action. Dr. J.

JARED BLIKRE: That's right. We got a down day capping what's likely a down month-- a down month-- unless we have some kind of miracle happening in the last couple of minutes here. Here's the Dow. It's going to be down about 4%. We've got 23 trading days in this month. S&P 500 down 4%, NASDAQ a little bit more, and the Russell 2000 about 2%, we'll call it that.

But let's take a look at some of the heatmaps, see what we've been doing for the month. This is going to be the NASDAQ 100. And let us just put that month to date figure on. You can see Apple the biggest bellwether here. That is down about 3%. And then you have Microsoft, Alphabet, Tesla, Amazon all down about 6%, 7% themselves, and the semiconductors really taking it on the chin. Nvidia down about 16 and 1/2% right there.

Let's check out the sector leaders and laggards. Only energy and utilities finishing in the green and not by much. To the downside, we have XLK. That is the tech sector. That is down 6% followed by healthcare, real estate, consumer discretionary. Those are all the underperformers.

And if you take a look at our leaders and sentiment, only KWEB-- that is Chinese stocks. That is an ETF for that. That is up 5 and 1/2%. Everything else underwater. We were talking about those chip stocks, the Philly Chip Stock Index. That's down about 10%. ARK Invest, that's down 7%. Homebuilders, transport, software, corporate bonds, high yield bonds, Korean stocks, all of those are underperforming the S&P 500.