Stocks open lower on final trading day of 2022

Yahoo Finance Live’s Brad Smith breaks down how stocks are moving after the opening bell.

Video transcript

[AUDIO LOGO]

BRIAN SOZZI: We have that opening bell on Wall Street on this final trading day of what has been a very challenging 2022.

[WALL STREET BELL RINGING]

There's Chris Rondeau, friend of Yahoo Finance, ringing that opening bell. Good for Chris. He has come a long way. He's been the longtime CEO of Planet Fitness. Of course, they're the now longtime sponsor of the New Year's Eve festivities down in Times Square.

Good to see Planet Fitness, a company that's done very well this year. Brad, you were just mentioning Peloton having a bad year. As Peloton has struggled, companies like this, good, old-fashioned gym operators, they've done pretty well.

BRAD SMITH: Yeah, kudos to the team over at Planet Fitness, really instigating or at least tricking-- or triggering I should say, a lot of the growth initiatives. Starting with the high schoolers over the summer, offering some free memberships there. Perhaps that permeates throughout the households as well. We'll continue to keep a close tab on shares of PLNT.

But taking a look at the DOW, the Dow Jones Industrial Average. We have opened up lower here on this final trading session of 2022. We're down by about half a percent. And there you're taking a look at the year-to-date as well. That's lower by about 9% over the course of this year.

NASDAQ Composite, you've got that opening lower by a little more than 1%. So tech-heavy average still under pressure there. Right now, down triple digits. Year-to-date, down 33%.

And the S&P 500, that, too, also opening up the day lower. It's down by about 7/10 of a percent after the opening cross here. Year-to-date, that's down nearly 20%.

Let's take a look at some of the S&P 500 sectors here as well. And I'll give you two views. I'll give you a view first of how we're doing here today. Well, that's the year-to-date. I'm just going come back to that.

But anyway, intradate we're-- intraday, rather, we're seeing all 11 S&P 500 sectors open to the downside. And so since that teased it so eloquently a moment ago, year-to-date, we're taking a look at some of the moves that we have seen.

And we've got some deep lake red in terms of technology, consumer discretionary. Communication services actually the biggest laggard. Year-to-date, down handedly-- well, down here today, intraday, by about 1.2%. But year-to-date, down by about 39%.

And yeah, surprise, surprise, the only gainer over the course of this year in a year that has seen a lot of geopolitical tension really thrust over into the energy section and trigger some activity there. And certain deals that have taken place between Russia, China, and then also some constraints on the supply side. Energy is the only gainer year-to-date on a sector basis. Up 56%, Sozz.