Yahoo Finance reporter Ines Ferre breaks down today's market action, which saw the S&P 500 close lower after two days of gains.

Video Transcript

DAVE BRIGGS: All right, just a couple of minutes away now from the closing bell. You can see a down day, but nothing like we expected after the two outstanding performances to start this week and this quarter. Let's bring in Ines Ferre to break down the action. Hi, Ines.

INES FERRE: Hi, Dave. Yeah, just take a look at our YFi Interactive. I mean, we started this day down, and now we're looking at the markets that flipped into green territory briefly. And now we are going to be ending the session down, but not as much as we were earlier this morning. I mean, you've got the NASDAQ right now down 3% and the S&P 500 that had been down more than 1 and 1/2% now down just 3/10 of a percent. So, quite a big turnaround. Maybe the gains from the past two days, maybe they will stick. We will see.

Let's take a look at the 10-year Treasury note because that is at 3.76%, up 14 basis points. Also, checking out the US dollar, which we have been tracking this US Dollar Index-- this is against a basket of other currencies-- at 111.12. Taking a look also at the sector action, we are watching energy being the big outperformer today, energy, the XLE, up 2%, followed by healthcare and also technology. But you've got utilities and real estate materials, those are under pressure.

Over on the Dow, the big gainer today being Nike, 2 and 1/2%, followed by Visa, up 1%. But you've got some of the banks like Goldman Sachs that are lower, JPMorgan also lower. Over on the NASDAQ 100, I should say, we're watching Tesla down 3%. Of course, this has to do with that Elon Musk, Twitter deal. And we're also taking a look at some of the other stocks here that are under pressure. A little bit of a mixed picture that we're seeing with the NASDAQ 100 today.