Stocks and U.S. dollar accelerate gains into the close, energy stocks slump

Yahoo Finance market reporter Ines Ferre checks out market and sector gains ahead of the closing bell, as well as crude oil pricing, Nasdaq leaders, the travel industry, Chinese stocks, and the energy market.

Video Transcript

JARED BLIKRE: Welcome back. Well, listen, two minutes away from the closing bell on Wall Street, and Ines Ferre is here with the YFi Interactive all dialed up. Ines, how are things looking?

INES FERRE: Well, Jared, we are off the session highs. And we're taking a look at the Dow right now that's up more than 50 points. The NASDAQ composite up about 3/10 of a percent. And the NASDAQ-- the S&P 500 up about 3/10 of a percent. We have been watching the US Dollar Index above 107. And a stronger dollar and also fears of a recession have been sending oil prices lower. We're watching WTI crude futures down about 1%. Brent crude today, during the session, dipping below $100 a barrel for the first time since April.

Taking a look at the sector action, an interesting mix here of the leaders. You're looking at utilities and technology, healthcare, which are in the green. Energy lagging today, though off the session lows. But energy was also the big laggard yesterday as well. Also, looking at the NASDAQ 100, we are watching some of the mega caps that are seeing some gains like Microsoft, Alphabet on the left-hand side of the screen. We're watching Meta that's also higher. Tesla down about half of a percent off the session lows from earlier this morning.

Looking also at the Chinese ADRs, we are watching quite a bit of red here. And over on the travel stocks, we're watching some pressure with these travel stocks as well. I had mentioned that energy lower. You can see the chart here, some pressure on these energy stocks today, a continuation from yesterday.