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Stocks mixed as coronavirus lockdowns ease

Yahoo Finance's Jared Blikre breaks down the latest market action.

Video Transcript

ADAM SHAPIRO: Welcome back to Yahoo Finance's "On the Move." Markets keep swinging between positive and negative territory, not too wildly just yet. Jared Blikre is watching those markets for us. What's jumping out at you, Jared?

JARED BLIKRE: Well, as you said, kind of listless here, kind of trendless, at least today. If you're looking at the Dow, it's up 16 points, just seven basis points. NASDAQ is up 18 basis points. S&P 500 now under water, just down slightly.

Here's today's price action. Now, we have-- we started up just a little bit. We've come down, and now we're just testing these lows that we created early on in the session. But if we go back five days, we can see the trend here is still up, no matter how slow it is. And if we go back one month, we can see that we are now testing those FOMC highs from a couple of weeks ago. If we break through, we should have the momentum to get to at least the 3,000 level, where we find that big 200 day moving average in the S&P 500 that the entire world seems to be watching. Russell 2000 is underwater by about 1/2 a percent, definitely underperforming.

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But stocks are doing OK here. The Philly chip index is up 9% over the last month. And also taking a look at the VIX, it's finally holding below 30, which is where we want to see it to support those continued trend upwards in equities. And also looking at the 10-year T-note yield, that's down a little bit today, about 2 basis points right there. Still checking out this rounded bottom that may be forming here, and if we are able to launch higher, that would be concurrent, hopefully, with higher equity prices.

Also going to take a look at the US dollar index, that is down today. But it's been pretty choppy, just oscillating between the 99 and the 100, 101 area that we see in here. Now, let's take a look at the sector action. Interesting leadership today-- materials and staples and health care, those are all solidly in the green. Tech and discretionary, those are just barely in the green. To the downside, we see that we have real estate financials and industrials, those are the laggards of the day, Adam.