Markets end the day in the red, EVs and semiconductors among biggest laggards

Yahoo Finance's Ines Ferre checks ou the market action heading into the closing bell, as well as looking at the EV space, semiconductor stocks, the travel industry, the price action surrounding crude oil, transport companies, and cryptocurrencies.

Video Transcript

BRAD SMITH: Welcome back to Yahoo Finance Live, everyone. Hey, we've got just about four minutes left until the closing bell today. Let's sprint on over to the YFi Interactive, where Yahoo Finance's own Ines Ferre is standing by. Ines, what are we tracking going into the close here?

INES FERRE: Well, Brad, we're looking at the Dow right now. That's down about 160 points. And you can see the volatility right around here after those Fed minutes came out, right around 2:00 PM. Also the NASDAQ down 2.2%. The S&P 500 down about 1%, going into the close.

I do want to mention what's happening with the 10-year because that's been higher at 2.61%, up five basis points. Looking at the sector action, we are watching consumer discretionary, technology, which has been leading to the downside throughout the day, same as yesterday. We're also looking at utilities and healthcare, the defensive sectors that have been in the green.

Also on the NASDAQ 100, on the left-hand side of the screen, you can see quite a bit of red here with the mega caps. Amazon down more than 3%, Tesla also lower. We've been seeing weakness with the electric vehicle space. I'm going to pull up a two-day chart so you can see a lot of deep red over the last two days. Same story when it comes to the semiconductors, also under pressure quite a bit for the last couple of days. Taking a look at the Chinese ADRs, these have been seeing a bit of a pullback. And we're also checking out the travel space-- a lot of red in the travel space with a lot of pressure for these stocks. Guys.

RACHELLE AKUFFO: And Ines, I want to ask you about oil because, usually, when we see these sanctions announcements, we see oil shooting up. Not the case today, though.

INES FERRE: Yeah, that's right. Well, today, we had a couple of catalysts of why you are seeing oil prices pull back. We saw a rise in US crude inventories last week, also some headlines surrounding the International Energy Agency's plans to release reserves. So we're looking at Brent crude today, down 4%. WTI down 4%. So a second day of losses for both Brent and WTI. If you just take a look at a year to date chart, though, up 27% for WTI. Brent crude is up 29%. But still, WTI, just keep in mind, today, it closed underneath $100 a barrel.

Finally, I just want to mention something else that we've been also noting in the market today, and that's the transports that have been under pressure. And this is important because some see the transports as sort of a barometer for how the economy-- the trajectory of the economy is going on. So the Dow Jones transport average down 3% today. Over the last five sessions, it's down 12%. So a significant sell-off that we've been seeing in this transportation average.

And analysts have been talking about this, commenting on this recent sell-off and what this could say, perhaps, about the trajectory of the economy going forward. One last note, I do want to mention also when we're taking a look at-- I want to just mention we've been looking at crypto stocks today. And these are the cryptocurrencies. Bitcoin today down more-- underneath $44,000, that level.