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Market check: Health care sector lags, energy stocks outperform

Yahoo Finance's Ines Ferre joins the Live show to break down how stocks are moving in early trading.

Video transcript

INES FERRÉ: Hey, guys just taking a look at some of the losses that we're watching right now. We are seeing the Dow down more than 100 points. We're watching the NASDAQ down almost half of a percent. And the S&P 500 is also lower. Just taking a look at the US dollar index, that's sitting slightly above 107.

Looking under the hood, we are watching a mixed action when it comes to the sectors, so we're watching energy that's outperforming along with utilities, and then we've got communication services and health care that are in the red.

Over on the Dow, the big outperformer being Cisco after its quarterly results, Chevron as well. But you've got Walgreens that's down more than 4%. On the NASDAQ 100, we are seeing a little bit of a mixed picture here, Amazon down more than 1%, you've got Meta also down more than 1%, part of communication services there.

And then just mentioning the Chinese ADRs, we are seeing a mixed picture here with these Chinese ADRs. NetEase down more than 6%, NetEase reporting its quarterly results. Baidu also lower, guys.

JULIE HYMAN: And also, Ines, something-- another story that you've been watching, that we've all been watching, are electric bills, right? And now that we are going into the fall, and then the winter, and watching natural gas prices and oil prices, how are our bills going to be looking then?

INES FERRÉ: Yeah, so let's pull up the energy chart right now so we can see where we're at with WTI and crude oil. Today we're watching WTI just above $89 a barrel, we're watching Brent Crude also higher. Natural gas has been at around a 14-year high. So I've been speaking to analysts that are saying, look, expect your heating oil to be higher when it comes to this winter, expect natural gas prices to be higher, expect to perhaps pay a couple of hundred dollars more for heating your homes this winter.

And with the natural gas situation, a lot of this has to do with the energy crisis, of course, that's going on in Europe. As we're sending more natural gas there these prices are going higher. This is the 14-year high that I'm talking about.

When it comes to WTI, I spoke to one analyst that told me, even though we have seen a pullback in oil prices, they're expecting WTI to stay in the range of anywhere between $80 and $100 per barrel unless there is a full-blown recession. He says that even so recessions don't last forever, guys.

JULIE HYMAN: Hopefully not. And hopefully won't be too steep either. Thanks so much, appreciate it.