Markets mixed ahead of the closing bell, Chinese stocks trend lower in the red

Yahoo Finance markets reporter Jared Blikre examines stock market and sector index losses ahead of Friday's closing bell, while also looking at Chinese stocks, Nasdaq leaders, and bank stocks.

Video transcript

DAVE BRIGGS: All right, just a couple of minutes away from the closing bell for the week. Let's bring in Yahoo Finance's Jared Blikre to break down the market action. Hello, my friend.

JARED BLIKRE: Hello. We got a mixed market for the day and a mixed market for the week. Dow is up today about a 1/3 of a percent. For the week, down just barely. We're going to call that pretty close to the unchanged. S&P 500 down about 30 basis points, and that's the same as it is for the five days in this week. We got four next week. Remember that. And the NASDAQ the only one of the majors closing in the green, but I want to show you the small caps. Small caps outperforming, they are up 1 and 1/2%.

And now let's dive into some heatmaps. Now this is pretty interesting. Here's the sector action today. Staples, utilities, health care-- those are all leading, while energy the biggest laggard. Tech, materials also underperforming. Now I want to show you the week. Again, we got staples, utilities, and this time, consumer discretionary. That has changed places. That is in the forefront. But guess what? Energy still the biggest loser here. Real estate, tech, materials-- those are losers, too.

Let's take a look at the NASDAQ here. I'm going to dial it back down to an intraday look. And here we have Tesla. That's a standout. That is up about 3%, but the other mega caps-- Nvidia, Amazon, Apple, Alphabet, Microsoft down over-- well, the last two down over 1%. Nvidia down almost 3%. And taking a look at some of our leaders here today, KWEB, that is the Chinese internet ETF. That has taken it on the chin.

And let's take a look at that. That is despite the PBOC, the People's Bank of China, injecting a record amount of liquidity into the system. So you look at Baidu down 5%, Trip.com down 4%, Pinduoduo down 3. Not the best look there. Now I want to close-- we already did the energy sector. I want to close on something green here. Here's the banking sector today. Truist Financial, that's up 1%. JPMorgan up 1/3 here.