Stocks search for direction into the close, Treasury yields invert deeper

Yahoo Finance reporter Ines Ferre looks at how markets settled on a volatile day of trading, with some Treasury yield inversions deepening and tech stocks rebounding.

Video Transcript

RACHELLE AKUFFO: Just minutes away from the closing bell, and it's been a volatile day for the major indices. Let's get a breakdown of how the markets are faring with our very own Ines Ferre. Ines?

INES FERRE: Rachelle, a volatile day, but for the week, seeing gains for stocks. If we just take a look at the Dow, it's flat right now, but let me pull up a four-day chart because it was a shortened week. And you can see that for the last four days, the Dow will be up. The NASDAQ composite gaining 4 and 1/2% for the week. And the S&P 500 gaining almost 2% for the week.

Switching back to the intraday, I want to show you what's been happening with the bond market because after that jobs report this morning, we saw the inversion between the two and the 10-year deepen. We saw the two-year note going up 13 basis points, the 10-year note going up nine basis points. It's right now at 3.1%. Taking a look under the hood at equities, we're watching the sector action, healthcare, technology, consumer discretionary leading.

But if we just pull up a four-day chart, you can see the leaders for the last four days being consumer discretionary, tech, and communications services. Staying on that four-day chart, we are showing on the NASDAQ 100 the gains for the mega caps for the week. You are looking at Amazon up 5% for the last four days, Tesla up more than 10%, Apple and Microsoft also higher for the week.