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Stocks: Nasdaq claws back gains, semiconductors rally

Yahoo Finance's Ines Ferre looks at market trends ahead of the closing bell, as well as the U.S. dollar, sector gains, and semiconductor stocks.

Video Transcript

[MUSIC PLAYING]

DAVE BRIGGS: All right, just about two minutes away from the closing bell. Let's take a look at where the markets stand at this hour. We are mixed with the Dow down about 100 points. The S&P 500 just about flat and the NASDAQ dropping-- well, actually, up 11 points, 0.1%. Yahoo's Ines Ferre breaking down the market action. Hi there, Ines.

INES FERRE: Hi, Dave. And we are seeing some buying in this last minute of trading as we look at the markets right now. You're looking at the Dow. It's down 100. But this morning, the Dow was down more than 500 points The NASDAQ today clawing back just above the line where it opened. So earlier this morning, it was down more than 2%.

Taking a look at the US Dollar Index, which we have been watching throughout the week, earlier this morning, it was just above 109, giving back just a little bit of that, but still at 20-year highs.

Looking at the markets, under the hood, we're watching the sectors. Technology, consumer staples, utilities, those are in the green right now. Energy has been the laggard throughout the day, but paring back some of the losses from earlier this morning, followed by financials and materials.

Taking a look at the Dow, again, this morning, all 30 Dow components were in the red. And take a look now-- you've got Apple that's up almost 2%. You also have Microsoft that's higher. Walmart is higher. JP Morgan, after its quarterly results, still down 3 and 1/2%, but it was down as much as 5% this morning.

Looking at the NASDAQ 100, we're watching Meta down more than 3%. Also watching Costco after that positive note from Deutsche Bank. I do want to point out the semiconductors which have been rallying, so we're looking at quite a bit of green on the screen here, with Qualcomm up within 4 and 1/2%.

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