Stocks end the day in the red, retail stocks battered, tech sector closes under pressure

Yahoo Finance reporter Ines Ferre breaks down today's market action and the sectors and stocks hit the hardest amid the sell-off.

Video Transcript

SEANA SMITH: 90 seconds to go here until the closing bell. Ines Ferre has a closer look. Ines.

INES FERRE: Right now, we're looking at the Dow that's off almost 1,200 points as we go into these final minutes of trading. The NASDAQ down 4.7%. The S&P 500 down more than 4%, having its worst day since June 2020. Looking under the hood at these sectors, consumer discretionary and also consumer staples and technology stocks losing the most right now.

We are also checking out the retail space where we've seen so much carnage, and we're taking a look at Target, down 25%. Target having its worst day since the crash of 1987. And also, taking a look at technology over on the NASDAQ 100, you can see the mega caps here that are under pressure. Apple down more than 5%. Amazon down more than 7%. And Tesla down more than 6%. In fact, year to date, out of the FAANG stocks, now all the FAANG stocks are down at least 20% or more for the year, with Netflix down 70% year to date.