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Market check: Tech, real estate stocks among biggest leaders

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

Video Transcript

BRIAN CHEUNG: For more on the market action, let's bring in Yahoo Finance's Jared Blikre by the YFi Interactive floor.

JARED BLIKRE: Yeah, I tell you what, Brian. You nailed it. The Fed is going to raise rates until something breaks. So let's take a look at the market action. Pretty nice end to the week, going to snap that seven down day-- or seven weeks in the red here. We got the Dow up 226 points, about 2/3 of a percent in the green.

Let's just show what has happened this week. Here's today. Here's over the last five days. And let's convert this to a line chart. There is the unchanged line, and you can see, Dow has been in the green all week. What hasn't is the NASDAQ. It sunk into the red on Tuesday, but has now rebounded. It's up 5%. And the S&P 500, that is up 5 and 1/2%. Finally, the Russell 2000, about the same there.

I do want to check in on the bond market. We're seeing a little bit of a downdraft in yields. You can see down about five basis points there. That is the 10-year. Here is the five-year. That is down two basis points. And the 30-year, that is down five basis points. Also tracking the US dollar. Now the US dollar has been historically-- well, has been strong over the last couple of years, but it is backing off some of those recent highs, which we can see on this candlestick chart. Here we have another downtrend in the US dollar after reaching multi-year highs.

We're going to move on to the sector action right now. And we can see tech in the forefront. That's up over 2%. So is real estate. Consumer discretionary, which has gotten absolutely hammered. A little bit of relief there. We were talking about the earnings picture in the last hour. We got some positive surprises today. But overall, the retail picture has been pretty grim. Financials and energy, the value trade, that is stuck in the last place here.

I want to get a check on the travel market. And we can see lots of green here. This is American Airlines. That's up 2%. Airbnb up 3%. And I'm going to move over to the NASDAQ. Let me show you what's happened with the tech space. We're looking at some nice gains not only for today. Tesla is up 5%. Alphabet up 3%, Nvidia 3% as well.

But also for the week, here is a five-day look. Pretty impressive, but here's a little bit of a caveat. When you take a look at the one-month, we're seeing a lot of red. So there is a lot more work to be done here, but we'll have to see what comes in the days ahead. Again, we're looking at a positive week here. Nice to say that. It's been a while, guys.

AKIKO FUJITA: Yeah, thanks so much for that, Jared.