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Stocks: Oracle rises, Fedex soars, consumer staples lag

Yahoo Finance’s Ines Ferré joins the Live show to discuss how stocks are performing in intraday trading.

Video Transcript

[MUSIC PLAYING]

- About a quarter to noon here on the East Coast. Let's check in on stocks. Yahoo Finance's Ines Ferre, who's got the latest for us on all of the market action-- mixed bag, I see right now, Ines.

INES FERRE: A mixed bag, Brian. The market's attempting a little bit of a rebound, but we are seeing right now that the Dow is down about 3/10 of a percent. The NASDAQ is in the green, and the S&P 500 is lower. Just taking a look at the five-year [? T-note, ?] we are seeing it up 6 basis points at 3.53%, higher than the 10-year, which is at 3.43%, and the 10-year higher than the 30-year, which is at 3.4%.

Let's take a look at some of the trending tickers on our Yahoo Finance page. We are seeing Oracle-- that's the number one trending ticker-- up more than 8% after its quarterly results came in better than expected. And FedEx, after announcing a dividend raise, up 13%.

Taking a look under the hood at where we are with our sectors. We're seeing energy stocks, which are leading right now. Energy was one of the big laggards yesterday, although all the sectors yesterday were in the red. But we're also-- that's also been followed by now technology, consumer discretionary. You've got utilities and consumer staples that are in the red right now.

Over on the Dow, we're watching P&G, Coca-Cola, as I mentioned. Consumer staples down more than 3%, lagging. And then over on the NASDAQ, we're watching Tesla, up more than 2%. Finally, just want to mention what's happening with the Chinese ADRs because we are seeing a lot of green here for these Chinese stocks, guys.

- And, Ines, we saw a lot of the travel names get hit especially hard yesterday, although you could argue nobody really escaped the sell off. What are we seeing today?

INES FERRE: Nobody was spared from yesterday's sell off. That's right. We are seeing some of the travel names a little bit under pressure here. You've got Trip that's up more than 9%, Trip.com.

But we are seeing a little bit of the continued pressure for these airlines. Some interesting data coming out of Adobe Analytics, saying that, in May, online bookings fell 2.3% from the previous month. So we may be seeing a little bit of demand destruction as the airfare prices have really gone through the roof this year.

- OK. Ines Ferre, thanks so much for that.

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