Markets move higher ahead of closing bell, health care stocks lead sector gains

Yahoo Finance Live anchor Seana Smith looks at how stocks are faring in the final hour of trading on Monday.

Video transcript

SEANA SMITH: Let's get you up to speed on today's market action. Taking a look at the major averages, you're still looking at gains. Take a look at the Dow, up around 500 points right now. That's a 1.6% gain. NASDAQ composite up nearly 1%. S&P, you can see it now above 3,800. That's a gain of nearly 1 and 1/2%. Russell 2000 also holding onto gains today, although up just around 2/10 of a percent.

Taking a look at some of the bond market action here, the 10-year yield pushing higher by just around two basis points to 4.23. 30-year yield also pushing just a bit higher at 4.36. So a lot of the focus on the Street today on earnings, also some of the geopolitical risks, specifically the new developments out of China, which we will get to a little bit more on that in just a minute.

But taking a look at the NASDAQ 100, you can see some of the larger cap tech names that will be out with earnings later this week. Apple, Amazon, Microsoft, Google all posting intraday gains today. You can see Microsoft leading the way, up just around 2%. Inside the Dow, the leadership there coming from some of those larger games, as well as UnitedHealth, J&J also pushing to the upside. You have Merck up just about 2%.

Taking a look at the sector action on an intraday basis, all 11 of the S&P sectors as we enter the final hour of trading are posting gains today. Healthcare, you can see financials among the leaders there. Real estate, though, still holding onto gains, although the laggard, I guess you can say, of the 11 sectors, up just around 2/10 of a percent.