Yahoo Finance's Ines Ferre looks at how markets are faring ahead of the closing bell, the negative sector action, the Nasdaq, and the travel industry.
DAVE BRIGGS: Yahoo Finance's Ines Ferre standing by with a final look at trading activity. Hi there, Ines. What are we seeing?
INES FERRE: Quite a reversal today from where we started this morning. Take a look at the charts on our YFi Interactive board. The market reacting to a possible half point rate hike, and so we saw Treasury yields rising, stocks falling. And you can see on these charts, the movement here says it all. Looking at the sector action, we are going to end the session with all 11 sectors of the S&P 500 in the red, with energy, communications services, and utilities leading to the downside.
Over on the NASDAQ 100, look at these mega caps, Amazon down more than 3%. We're also watching Meta down more than 6%. And Tesla hanging onto gains, but remember that Tesla, this morning, had opened up more than 10% higher. Looking also at the travel sector, we are seeing that UAL, United, hanging on to its gains after its quarterly result. American Airlines also higher, but we are seeing Marriott, which has been touching new highs recently, down more than 3%.