Markets remain mixed ahead of closing bell, travel industry braces for earnings

Yahoo Finance anchor Seana Smith takes a look at the markets on Tuesday an hour before the closing bell.

Video transcript

SEANA SMITH: Happy Valentine's Day to everybody out there. I'm Seana Smith, along with Dave Briggs. Let's get you up to speed on this afternoon's market action because still a bit of a mixed picture. We got that slightly hotter than expected inflation print out this morning. That's putting some pressure on the Dow. We're looking at losses of just 83 points here. NASDAQ holding onto gains, up just about a half of a percent. You're looking at the S&P barely positive here. The markets really trying to figure out what exactly this inflation print will mean for the Fed, whether or not it means that the Fed is going to continue raising rates here maybe higher than we had initially anticipated.

Looking at the bond market, not much movement here. You're looking at the 10-year yield now to the upside, up just about five basis points. Some pressure in the crude markets, which we'll get to in just a bit here. But the SPR release announced from the Biden administration that's putting some pressure on the price of crude this afternoon, falling below 80 bucks a barrel.

Taking a look at the sector action that we are seeing this afternoon, certainly a mixed picture. You have consumer discretionary, technology really leading today's momentum. On the flipside, consumer staples, real estate lagging behind. A couple of big earnings reports that we will be covering after the bell this afternoon, we have Airbnb and Tripadvisor. Both of those expected to cross shortly after the close.

And when you take a look at the travel sector more broadly, certainly looking at gains. You have Airbnb up just about 3%, and ahead of that report, booking.com up just about 2%. Marriott, they were out with earnings earlier today. That's up just about 3% there, so lots of green on the screen when it comes to those travel names, Dave.

DAVE BRIGGS: A little bit of red on this Valentine's Day.

SEANA SMITH: There's a little bit.

DAVE BRIGGS: So I have to ask you, do you or don't you Valentine's Day?

SEANA SMITH: What do you mean?

DAVE BRIGGS: Do you participate?

SEANA SMITH: Yeah, depending on my kids.

DAVE BRIGGS: 52% of Americans do-- oh, for the kids.

SEANA SMITH: I do, yeah, and I get my husband a card.

DAVE BRIGGS: But not with your husband. Oh.

SEANA SMITH: A card, yeah.

DAVE BRIGGS: OK.

SEANA SMITH: Maybe I'll get flowers if I'm lucky. I haven't yet, though, so we'll see.

DAVE BRIGGS: Do you expect it?

SEANA SMITH: No.

DAVE BRIGGS: OK, yeah, we don't play. We don't play that game.

SEANA SMITH: The bar's very low.

DAVE BRIGGS: The National Retail Federation says we'll spend, on average, $192 a person. And I always think to myself--

SEANA SMITH: Wow. we are far below that in our household.

DAVE BRIGGS: We are 0.

SEANA SMITH: Yeah.

DAVE BRIGGS: Yeah, other than the kids. And I don't play that game.

SEANA SMITH: Yeah, you got to get the Valentine's Day for the classes, you know.

DAVE BRIGGS: I get no credit if I bring home flowers on Valentine's Day, so why do it? All right.