Yahoo Finance markets reporter Ines Ferre looks at the market and sector closings, Chinese stocks, EV manufacturer Nio, the travel industry, and the crypto sector.
Video Transcript
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– Welcome back to “Yahoo Finance Live”. We are counting down to the closing bell and a look at the markets, a lot of red on the board. Dow down 140 points, though the NASDAQ has turned into positive territory with just about a minute away till the closing bell. Let’s get to Ines Ferre with a deeper look. Hi there, Ines.
INES FERRE: Hi Dave. No turnaround Tuesday today, as you just mentioned, the Dow set to end lower, the NASDAQ eking out a gain, and the S&P 500 lower. Taking a look at the Treasury yields, The 5-year Treasury up 12 basis points, the 10-year hitting its highest level since 2011, up 12 basis points. Looking at the sectors, we are seeing the outperformer being technology stocks, followed by energy stocks.
You’ve got utilities, though, and consumer staples that are underperforming. Over on the NASDAQ 100, Tesla up more than 2% and the Chinese ADRs seeing quite a bit of gains. I mentioned Tesla, I should mention also NIO up 16% after NIO announced a product launch event for tomorrow. Also taking a look at the travel stocks, a mixed picture here. And looking at crypto, we are seeing Bitcoin down more than 4.5% below the $23,000 level.