Market check: Stocks rebound from session lows at close

Yahoo Finance's Jared Blikre breaks down how stocks closed on Monday.

Video transcript

- We have about five minutes to go until the closing bell, and stocks are off session lows, but still down for the day. The S&P 500 and NASDAQ are each on track for a fifth consecutive day of losses. Let's head back over to Yahoo Finance's Jared Blikre with the details. Jared?

JARED BLIKRE: That's right. I'm looking at the Wi-Fi interactive, and the NASDAQ is almost turning positive as we see it right here on your screen. It had been down far over 1% at the lows of the day. S&P 500 had also been substantially negative. You can see climbing back up to the unchanged line, that dotted yellow line right there. And then the Dow, which it's a laggard right now, had been the leader up a little bit less, or down a little bit less than everything else on the open.

So a reversal of fortunes. You know, Marko Kolanovic, he's the head quan guy over at JPMorgan. He said the dip is over. Time to buy the dip. But he likes value stocks, as have been outperforming this year over a lot of those growth names, which have fallen off.

But this screen look vastly different at the beginning of the day. Look at Tesla. This is a stock that started the day down 4%, 5% at the lows, and is now up firmly above $1,000. It did break that psychological threshold earlier today. And the other mega caps-- you see a lot of red there, but not as much dark red as we saw to begin the day.

And here is the sector action. Look, healthcare in the green right now. Didn't see that earlier. Tech now outperforming the S&P 500, though technically in the red. It's industrials and materials. Those are the two stocks, two sectors, that are trading most to the downside, each off more than 1%.

Here is the banking sector. I'm going to show a little green here. Here's the energy sector. And finally, here is the healthcare sector, where we're seeing Moderna up over 2%. So is Merck. That stock is up about 2.5%. Guys?

- Yahoo Finance's Jared Blikre. Thank you so much.