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Markets search for direction amid losses, energy sector surges

Yahoo Finance's Jared Blikre looks at what stocks and sectors made the biggest moves in the market on Tuesday afternoon.

Video transcript

DAVE BRIGGS: Just about a minute away from the closing bell. Let's bring in Yahoo Finance's Jared Blikre to break down today's market action. Hello, sir.

JARED BLIKRE: Hello. Well, let's look. We've got a bifurcated market right now. It looks like NASDAQ is just at the unchanged. Dow down about 44 basis points. The S&P 500 under a little bit of water, you can see, down 4% over the trailing 5 days.

We want to take a look at the sector action. Energy the big story of the day, at least to the bullish side, followed by materials. That comes as the US dollar is down, granting a reprieve for some of those commodity sectors. And that's what we're seeing today. Consumer discretionary and industrials, those are in the green and outperformers. To the downside, it's real estate, health care, and communication services that are the biggest laggards.

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Now, we want to take a look at the leaders here. And we see KWEB. That is a Chinese internet ETF. That is up over 1.5%, followed by gambling. And then we got some chip stocks.

All in all, kind of a mixed day, but I'm going to end on the travel sector. Royal Caribbean up 3%. Norwegian up 2%. And here is your closing bell.

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