U.S. stocks (^DJI, ^IXIC, ^GSPC) opened the trading day higher, complimenting the spring weather that blessed Wall Street on Tuesday.
Morning Brief Anchors Sheena Smith and Jared Brikle examine this morning’s bull run across sector leaders and the Nasdaq 100 (^NDX).
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Editor’s note: This article was written by luke carberry morgan.
video transcript
Sheena Smith: It’s the opening bell for Wall Street. I would like to cover how today’s trading action is performed in early action. We see an upward movement here. Jared, pull up the Dow and look at the pricing movement we’re seeing in the open. We expect an increase of only about 2/10 percent.
Today’s S&P is even higher. But again, many investors didn’t see much movement in the market. They are awaiting CPI results before the bell tomorrow, which will give them some insight into when the Fed may make its first rate cut. But again, there is some upside movement here.
Jared Breichle: Yes, there was a solid profit here. We expect the Russell 2000 Small Cap to rise another 0.5 percent. And let’s check the movement of the sector.
Now that we have the mix, everything is green. So, I started the day on a pretty high note. I haven’t seen this in a while. Front-line materials. That’s a 6/10 percent increase, XLB.
Then you have technology, then you have communications services, and then you have consumer services, for example, with Meta and Alphabet and Amazon and Tesla. So the megacap will likely reflect what we see here. Energy also outperformed.
We go to WTI, but we’re talking about crude oil here. Is it the NASDAQ 100? I mentioned consumer discretion. Amazon rose more than 1%. And in technology, Broadcom rose more than 1%. There’s a lot of bullish action we’re seeing here early on.
