Stocks: Meta rises, Adobe surges, real estate lags

Yahoo Finance Live's Brad Smith breaks down how stocks like Meta and Adobe are trading as recession fears grow.

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BRIAN SOZZI: I see we have some donuts on the desk. I can't wait to just dive into them.

BRAD SMITH: Yeah, we're going to do a quick market check, so we can get to that sweet donut craving that we have here. The Dow Jones Industrial average as of right now, you're seeing that down by about 3/4 of a percent, 7/10 of a percent here just about 34 minutes into the start of trade. Over the past five days, net lower as well there, as well as the NASDAQ composite. You're seeing that down about 2% over the course of those past five days, down 4/10 of a percent here today. And S&P 500, you're seeing that down 8/10 of a percent.

I do want to take a look at that NASDAQ 100 and the components therein. And take a glance at some of the megacap tech stocks. As of right now, we've got Apple down by about 4/10 of a percent. Same case there for Microsoft on a percentage basis. Google or Alphabet, you're seeing that down about 2/10 of a percent. However, interesting performance on the day. Meta, that's higher by about half-- or not half a percent-- 5%, nearly 6%. And that really coming off of one of the analyst calls that we were talking about earlier. And so we'll continue to see where that moves the stock.

Adobe, we were talking about those earnings results. Adobe shares are up by about 6.2% here on the day. And then just lastly, let's ride out with a quick look at some of the sector activity here. Only got one positive mover on the 11 S&P 500 sectors right now. That's communication services. Real estate bringing up the caboose. As of right now, you're seeing that down by about 2.8%. And then one of the other largest laggards right now on the day, energy-- interesting-- down 1.8%.