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Stock markets mixed, regional banks remain boosted ahead of closing bell

Yahoo Finance's Jared Blikre joins the Live show with a look at how the markets are closing Monday at the bell.

Video transcript

- We're just minutes away from the closing bell. That's time to bring in Yahoo Finance's Jared Blikre to break down the market action. Hello, sir.

JARED BLIKRE: Hello. And this is kind of a reminder of 2022 last year, not in terms of the dismal trading, but leadership. You see the NASDAQ lagging. It is down half a percent. But the Dow is up half a percent. And it's that dichotomy that kind of defined trading last year. So we'll have to see if it continues.

But interesting developments in the bond market say it might continue for a short period of time. I'm writing about this. So look for it in your inbox tomorrow morning. But for now, energy and financials, the value trade, biggest traders of the day here. And then the cyclicals. Can't leave them out. You got industrials, materials as well, and then staples in health care. Two defensive sectors are rounding out the top line there.

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By the way, what's in the red? Tech, communication services, and real estate. So if you take a look at the NASDAQ 100, not surprisingly, a lot more red than green. And real quickly, if you look at the Dow, more green than red absent those two big red squares to the left, which are tech, of course. Want to take a look at the market leaders as well with under a minute to go. Regional banks in the forefront. Those are up 1%.

Some of those concerns over continued banking panics are subsiding. And that is very good news. You can see a lot of movement in the regional bank sector. We've been talking about this quite a bit. Want to look at energy too because the demand picture for petroleum and gasoline also picking up with some of those fears abating. And we can see Exxon up 2%. ConocoPhillips also up 2%. Shell and BP up 2%.