Market check: S&P 500 sells off, volatility picks up

Yahoo Finance Live’s Jared Blikre breaks down how stocks are moving in intraday trading.

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JARED BLIKRE: Here we have ourselves in the midst of a two-day decline. The losses range from the Dow about 57 basis points, or half a percent, to the downside, to the Russell 2000, 83 basis points or 8/10 of a percent. And I want to take a look at the VIX here. I haven't taken a look at that in a few days. And this is over the last six months. Over the last five, six, seven sessions or so, it has picked up a little bit. So we want to keep an eye on that, and that's in the midst of a selloff, at least a two-day selloff, as I said, with the S&P 500.

The NASDAQ really the most bearish-looking of the group, just kind of chopping around in the lower end of its range. Got to get to the bond market. Not a lot happening today after yesterday. Yesterday we saw some fireworks, that big drop in the 10-year to a four-month low. And today we were just bouncing up about two basis points, just a fractional move that we want to keep an eye on there.

Finally, the US dollar index, that is hanging out by its lows. Again, this is a six-month chart, so not making any ground recently, but not losing it either. So decent setup for risk markets potentially. Then we got real estate and healthcare in the green today. Those are the S&P 500 sectors, a little bit of a defensive setup. And then financials taking the biggest hit to the downside. That's XLF, down 1.2%, followed by industrials, materials, and consumer discretionary.

And just taking a look at our leaders, the top performer are going to be found in China. We'll take a look at that heat map in a second. And then the biggest losses can be found in TAN. That is a solar ETF, followed by Ark, cannabis, chip stocks, retail. So some of the biggest winners this year have been giving back those gains over the last two days. Easy come, easy go. I did promise to get to those bank-- the bank screen. Here, we have Capital One that's down 5 and 1/2%. We were looking at Discover earlier. That was down. Truist Financial, that is up 2.8%. Everything else here in the red.