US stocks (^DJI, ^IXIC, ^GSPC) open the trading day higher, moving into the green to compliment the spring weather blessing Wall Street on Tuesday.
Morning Brief Anchors Seana Smith and Jared Blikre take a look at this morning’s sector leaders and the gains seen across the Nasdaq 100 (^NDX).
For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.
Editor’s note: This article was written by Luke Carberry Mogan.
Video Transcript
SEANA SMITH: That’s opening bell on Wall Street. We want to cover where we are seeing today’s trading action take place in an early action. We are seeing some movement here to the upside here. If you take a look, Jared, if you can pull up the Dow, on some of the pricing action that we’re seeing at the open. We’re looking at gains of just about 2/10 of a percent.
You’ve got the S&P pushing even higher today. Again, many investors though were not seeing huge moves at the open. They’re waiting for that CPI print that’s going to hit before the bell tomorrow, giving us any sort of insight into when the Fed could potentially issue its first rate cut. But again, some movement here to the upside at the open.
JARED BLIKRE: Yeah, some solid gains here. We’re looking at Russell 2000 small caps up another half a percent. And let’s check in on the sector action.
We had a mix so everything in the green now. So fairly bullish start to the day. Haven’t seen this in a little while. Materials in the forefront. That’s up 6/10 of a percent, XLB.
Then we have tech, then communication services where we have Meta for instance and Alphabet, consumer discretionary as well, which houses Amazon and Tesla. So mega caps probably going to reflect what we’re seeing here. Energy also an outperformer.
We’ll get to WTI and we’ve been talking about crude oil here. Is the NASDAQ 100. I mentioned consumer discretionary. Amazon up more than 1%. And then tech, we got Broadcom up more than 1%. Just a lot of bullish action that we’re seeing here in the early goings.
