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Retail stocks lead markets into the close, Google shares sink

Yahoo Finance markets reporter Jared Blikre checks out the market losses heading into the close, sector leaders in the green, Nasdaq leaders, and travel stocks.

Video Transcript

[MUSIC PLAYING]

SEANA SMITH: About 90 seconds here from the closing bell. Jared Blikre has a closer look at these moves here. And Jared, it looks like Dow, S&P on track to end the day in the red.

JARED BLIKRE: Yes, but I'll tell you what. If you were trading around that report at 8:30 AM, probably happy that we're not looking at some more substantial losses. The Russell 2000 and NASDAQ just barely in the green. And we got to check out the bond market because the yield curve is flattening. We got the short end rising. We have the five-year T-note yield just up very slightly. That's not even one basis point. But the short end, the 13-week T-bill-- we're going to get to that in a second-- that is screaming higher.

And here's the 10-year. That is coming down. So all of this means that the yield curve is flattening. And here we go. Let's pull up a year to date chart. We're seeing what the 13-week has done in an incredible move, 21 basis points off of that CPI print. Here's what's happening inside the market. Consumer-- excuse me, consumer discretionary, that is up almost 1% followed by consumer staples. So retail is the only thing in the green right now.

To the downside, cyclicals taking it on the chin. We got industrials off more than 1%. Healthcare and financials closely on the heels. Want to take a look inside the NASDAQ here. And we can see kind of a mixed board. Tesla is up nominally, 1.8%. Amazon, too, but Alphabet sinking in the red, about 2%. And with just a few seconds to the bill, we want to get a check on the travel sector. We got trip.com up 6%, Avis Budget Group up 3%.