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S&P 500 continues fourth straight week of market gains, energy sector lags

Yahoo Finance Live anchor Seana Smith gives an update on how markets are performing in the final hour of trading on Monday.

Video transcript

DAVE BRIGGS: After four straight weeks of gains for the S&P, will news out of China slow the market momentum? We'll also learn an awful lot about the state of the retail sector this week and, as a consequence, the impact of inflation on the consumer. What to expect from Walmart and Target earnings from Michael Lasser of UBS?

Plus attorney and entrepreneur Erika Kullberg has amassed 15 million followers across social media feeds by reading the fine print so you don't have to. So we'll share what airlines, credit card companies, and retailers don't want you to know. But first, here's Seana with a check of the markets.

SEANA SMITH: Hey there, Dave, great to see you. All right, let's take a look at where things stand here. We have just about 60 minutes to go until the bell. All three of the major averages holding onto gains, clawing back some of the losses that we saw as we started the session. Now, investors are bracing for the retail data that we are going to get-- retail earnings reports that we are going to get later this week, also digesting that weak economic data that we got out of China earlier today on a sector basis. Let's pull things up.

Consumer staples among the leaders in today's action. Communication services, consumer discretionary, also flipping back into the green. Energy, the worst performing sector of the day. We're seeing this as crude slides. Crude ending off just about 3% today, falling below $90 a barrel, settling there for the first time in just about a week. And we're seeing this impact on some of those travel names, travel stocks. Getting a boost on the lower fuel prices, airlines among the outperformers in today's action.