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Stocks trend lower ahead of closing bell, communications sector leads gains

Yahoo Finance senior markets reporter Jared Blikre reviews the market action ahead of Thursday's close, examining trends across sectors and Nasdaq leaders.

Video transcript


SEANA SMITH: Just over a minute from the closing bell. Jared Blikre here at the big board to break down some of today's moves. Hey, Jared.

JARED BLIKRE: Hey there. So we got the NASDAQ just barely in the green. S&P 500 just a little bit in the red. Dow down about half a percentage point. Guess what? The NASDAQ, if it does close in the green here-- kind of going to be a nail-biter-- it would be the best highest close since September. So about two months there. XLC, that's communication services. That is in the forefront. But only up about 6/10 of a percent, just a shadow of what it put in yesterday. Health care, tech, materials, industrials, consumer discretionary, all of those on the top line there.

Let's take a look inside the NASDAQ so we can see it. Let's put this on a two-day view. That really takes into consideration those big moves that we had from yesterday. Only down strikes we have are Crowdstrike. That's down about 10%. Costco down about 5%. Those are earnings stories right there. And let's take a look at a two-day view of the Dow as well, where we see only JPMorgan and 3M slightly in the red. Tech and the mega caps have had a decent two-day run here, as we were talking about. Even some of those meme stocks got a little love today.