The S&P 500 (^GSPC) and Nasdaq Composite Index (^IXIC) opened higher on Thursday, while the Dow Jones Industrial Average (^DJI) initially traded below its flat line at the start of trading.
Morning Brief’s Brad Smith and Madison Mills monitor the major market averages after the open, while Senior Market Reporter Jared Brickle breaks down the recent market rally, sector activity this morning, and expert thoughts on silver futures (SI=F) and Bitcoin price (BTC-USD) movements.
For more expert insights and the latest market trends, click here to listen to this entire episode of Morning Brief.
This post Luke Carberry Morgan.
Video Transcript
Bing Bong, there you are.
Okay.
This Friday evening, the opening bells of NYSC and NASDAQ will be broadcast live. NASDAQ will broadcast live footage of the Executive Leadership Council ringing the opening bell. They will also broadcast live footage of NYSC.
Take the simple A OS 100 for example: 50 years of innovation is what the company is celebrating here.
I was there for a short time, but ultimately as an observer watching from the outside.
We find ourselves in the same situation today.
I’m watching this opening bell.
Let’s take a look at the major averages to start off this trading session.
The Dow Jones Industrial Average opened flat, reacting slightly to a decline in the Nasdaq Composite Index.
It is currently opening at about 0.25 percent higher.
in the S&P 500, 3/10 percent.
It’s expected to rise by about two-tenths of a percent.
Maddie Let’s look at some of the sector activity across the 11 S and P sector, the 11 S and P 500 sector.
It’s displayed on the screen.
XL Real Estate is leading the pack.
But now technology is leading the way.
In other words, it’s not surprising.
right.
This is something we’ve been talking about here for years.
Oh, look, I looked into the technology sector.
I agree.
Let’s enter some data into the chart.
Well, that’s interesting.
Year to date, we are seeing a 20% increase, and looking at the broader market trends, we can see that the Russell index is roughly flat year to date.
But technology stocks are lifting the S&P and Nasdaq.
So it’s interesting to see that level of constancy.
But my big question is, when might that concentration start to become a bit of an issue here?
Looking at Russell, it has remained pretty stable since the start of the year.
Look forward to more of this great information from Yahoo!
The treasurer is Jared Bricker.
He watches the market for us, Jared.
What do you have?
Yes, Matty.
thank you.
yes.
Small caps haven’t done anything this year.
Now let’s look at the S&P 500.
Here is the chart so far this year.
But as we head into July, I wanted to share some statistics compiled by Bull Boss Ryan Dietrich of the Carson Group.
Over the past decade, the S&P 500 has risen in July for nine straight years, with 90% of those months tied for the highest high in November, for an average gain of 3.1%.
Following November, here is a little chart. Here is where we are now. Here are the key points:
July is the second best month in the past decade.
This is a tailwind, and Tech seems headed for its eighth straight win for now.
And so far, they’re only just barely making any profit.
As you can see, this is simply a negative inversion, so you might give up.
Um, but I’ve been tracking other markets here as well.
You want to get into the futures market where silver is rising.
It’s up 2%, and that’s year-over-year. As you can see, it was going up quite a bit earlier this year, but then it went down a little bit.
And if you look at the five-year trend, you can see that it has recently started to rise.
So we’ll have to see if we can get some momentum from there soon.
I would also like to check out Bitcoin.
Um, let’s actually set up two days here so that you can see what happened over the holidays.
It’s not a lot, but there are up to 65,000 Bitcoins.
These days it holds 65,000 people.
Here is the three-month chart, showing continued sideways movement.
It kinda reminds me of the lowercase capitals guys.
