The three major stock market averages (^DJI, ^IXIC, ^GSPC) generally open higher heading into Thursday’s trading. The S&P 500 is above its all-time high of 5,300, reached yesterday, while the Dow Jones Industrial Average aims to break above 40,000. , the Nasdaq Composite Index has been bouncing back and forth between the flatline.
Morning Brief anchors Sheena Smith and Brad Smith monitor the three indexes during the market open, while senior market reporter Jared Breichle analyzes Wilshire 5000 index movement, overall market volatility, and trends in the recent meme stock boom .
For expert insights and the latest market trends, click here to watch the full episode of Morning Brief.
This post was written by luke carberry morgan.
video transcript
Take a quick look at the markets hosted by Tasty Trade.
Let’s look at the Dow, S, P 500, Nasdaq?
Oh my god.
Okay.
Just under 40,000.
But the Dow is still in positive territory here.
Oh my God.
we were very close.
we were right there.
Some might say, oh well, just in time, you can’t start at that 40,000 marker.
You can immediately tell where the opening cross was.
However, the S and P 500 are flat on the edge of the upside, and the Nasdaq Composite Index is also flat on the edge of the downside.
Certainly, we’ll be keeping an eye on these record-setting numbers.
We don’t know if we will ever close, but it could happen at any time.
Hy’s Walmart is a big driver for the Dow this morning.
Why are we still chasing profits?
Okay, let’s go over to Jared and take a closer look at this movement that we’re seeing, Jared.
Yes, I thought I’d start with some records.
But, uh, we know that the Dow Nasdaq S and P 500 are all at or near all-time highs.
But I would like to show you the Wilshire 5000.
This is an index that purports to represent all highly liquid stocks in the United States.
And we don’t have as much inventory as we used to.
It’s actually 3500, but we just hit an all-time high for Wilshire.
Therefore, all discussions about the breadth of this market are just disappearing one by one.
I would also like to point out that Vix is ​​near this year’s low.
So seasonality could actually cause the Vix to rise over the next two weeks.
This is the only potential headwind I see for this market, especially after yesterday’s impressive clearing of CP I.
This is what our sector is doing.
By the way, it won major financial products and instruments in record numbers, led by JPMorgan and Goldman Sachs.
Eh, but I saw that the pressure in the top right corner stopped the game, so I’d like to go to the meme stock here while I have a little time.
It’s down 12-13% there and A MC is at the bottom.
That’s about 5%.
Well, here are the totals for the two days so you can see what happened.
Breaking it down by performance, we see that the biggest loser is Gamestop A MC, with costs down by about 25%.
Oh, they’re moving in lockstep to some extent.
Well, here are the totals for the four days. Guess what kind of reversal of fate the game will face.
It’s still up 100% this week.
Basically, a 76% increase in MC costs 44%.
And you can proceed along that line.
Well, the point is, it was actually a successful week.
Well, if you’re buying and holding my stocks, if you’re just a trader, you have to be nimble, because they’re flying high and low.
So let’s see if you can play the game.
Please stop sharply.
This is a 4-day price trend and we can see that it is still up 92%.
Um, but I think we provided at least 20% of that high.
Okay, so Jared Ire, who we’re going to continue watching here today, was expecting a lot of cooperation.
Okay, Jared Brecker.
Thank you so much for breaking it down for us.
