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Markets accelerate gains into the close amid GDP contraction

Yahoo Finance markets reporter Jared Blikre checks out market and sector gains ahead of the closing bell, as well as Meta, solar stocks, and the travel industry.

Video transcript

RACHELLE AKUFFO: We're minutes away from the closing bell. The major indices just slightly off their session highs, but let's bring in Yahoo Finance's Jared Blikre to break down all the market action. Jared.

JARED BLIKRE: We are staring at two days of green. Let's check out the YFi Interactive and look at the price action. All the majors about up, let's say, 1%, Russell 2000 up a little bit more. Here is the NASDAQ. Let's show today plus yesterday, 5.17% over that time period. I got to tell you, though, guys, we got some big inflation numbers. Tomorrow, we know the market is levered to what the Fed is watching. And well, they're watching interest rates.


Check out this, real estate and utilities. Those interest rates sensitive sectors, those are leading today, up 3 and 1/2%. But it's not just them. It's also the industrials, materials, consumer discretionary, and also consumer staples that are rallying on that top line there. So kind of everything in the basket, except for XLC down here. That would be the housing of Meta.

So let's take a look at the NASDAQ 100. And here, we can see Meta down about 5%. This is the one-day price action. You can see just off the lows that it had in the morning. Some other earnings stories, it looks like Comcast is down 9%. It looks like Qualcomm, another earnings story, is also down 4%. Checking out some of our leaders here, TAN, that is the solar index. That is up 7% today. And over the last two days, guess what, it is up 14%. And as we head into the closing bell, just want to show you what's happening in the travel sector. Lots of green there, except for Southwest Airlines.