S&P rallies into the green, energy stocks surge into the close

Yahoo Finance's Jared Blikre looks at how markets are moving into the closing bell.

Video Transcript

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- All right. We're less than two minutes away now from the closing bell. Markets are mixed on a pivotal week for this economy. Let's check with Jared Blikre with a look inside the numbers, what are you seeing, Jared?

JARED BLIKRE: That's right. A little bit of a rally into the close, off the lows in the NASDAQ. You can see just a little bit of an oomph right there. Russell 2000, which I believe has been positive, yes, almost the entire day, that is looking a little bit more constructive. And if we take a look at the sector action inside the market, energy still the number one sector. That is up 3 and 1/2%, followed by utilities, staple, and health care.

So this is actually a pretty defensive setup, even though you see a lot of green. What's holding the market down? Consumer discretionary, tech, communication services. Gets what's it-- guess what's in those? Those are all these big megacaps that are reporting earnings this week. We have Apple, that's down about 8/10 of a percent. Amazon, just a little bit more than 1. Tesla, 1 and 1/2. And Meta, which has been the loser of the day, that is down 1.5%.

I don't think I've checked in on travel yet. And this is a field of green here. We see Expedia up over 1%. We take a look at some of the airlines, American Air up about 1/3 of a percent. But before we go, got to check out that energy sector because this is another place where we're seeing a lot of green. We do have the yield curve shifting up.

Futures, in terms of WTI, those are up as well, about 2% for WTI. Exxon, that's up 3%. Chevron up 3 as well. Shell almost there with it. And ConocoPhillips, that is up 4 and 1/2%. I think we got time for one little screen here. So I'm going to show you our meme stocks before we head for the closing bell on-- on Wall Street on this Monday.