Energy stocks move lower as markets search for direction

Yahoo Finance Live's Brian Cheung examines afternoon movements in the stock and bond markets, as well as crude oil pricing in the energy sector.

Video transcript

BRIAN CHEUNG: Let's take a look at where stocks are trading in the final hour here on this Thursday afternoon. If you take a look at the big boards, you can see the Dow Jones down a quarter of a percent. The S&P 500 essentially unchanged from where it ended the day yesterday. And the NASDAQ, the tech stocks, doing relatively well on this Thursday, up about a 1/3 of a percent.

In the yield side of things, we see a little bit of movement in fixed income. When you take a look at the 10 year yield, after a little bit of Fed speak on this Thursday afternoon, down six basis points to 2.69%. But all the action really notable in the commodities market, where you take a look at a barrel of oil. Check this out, sub $90 on WTI Crude Oil, down to $88. We have not seen these levels since the war in Ukraine began. You can see Brent Crude Oil down 3% to $94 as well. A lot of movement on this Thursday, Dave.

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