Markets maintain rally gains heading into the close

Yahoo Finance Live anchors Rachelle Akuffo and Akiko Fujita look at where markets settled to end the week, with tech stocks driving the biggest gains.

Video Transcript

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RACHELLE AKUFFO: We're just minutes away from the closing bell, so let's take a look at how the major indices are faring. We're seeing that all three are touching session highs right now to close the week. The Dow up more than 400 points, up 1.2%.

The S&P 500 there, up about 70 points, about 1.7%. And the tech-heavy NASDAQ, the strongest performer of the day, up more than 2%. And in terms of the sector action, we're seeing the strongest growth in consumer discretionary, technology, communication services, and materials, but a strong showing across the board in the sectors.

AKIKO FUJITA: Rachelle, as we count down to the closing bell, stocks headed for the fourth straight week of gains. It certainly has been a positive day, especially in the NASDAQ, as you pointed out, as we saw those tech names making a comeback. Let's check the commodities space, something we've been talking about a lot here.

Obviously, as we have seen those recession fears take hold, we have seen a bit of a pullback here with WTI crude down 2 and 1/2%, Brent crude down 1 and 1/2%. Interesting to see this move coming on the back of what we heard this morning, that consumer sentiment-- or US consumer sentiment rising to a three-month high, some of that coming on the back of oil prices that have been pulling back, a lot of Americans seeing those gas prices coming down as well. Let's take a moment here for the closing bell as we round out the trading week.

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