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Bitcoin on the rise following jobs report, U.S. dollar and Treasury yields weaker

Yahoo Finance's Ines Ferre joins the Live show to break down how stocks are moving in intraday trading.

Video Transcript

BRAD SMITH: Welcome back, everyone. You're watching Yahoo Finance Live on this Fri-yay. Dow Jones Industrial average, right now, it's up by about 1/2 of a percent. S&P 500 holding onto gains by about 7/10 of a percent. We'll round that off to be generous. NASDAQ composite heading into the holiday weekend. You're seeing that up by about 1/2 of a percent as well. All of the major averages reacting to the August jobs report coming in slightly better than expected. And Yahoo Finance's own Ines Ferre is here to break it all down for us. Ines.

INES FERRE: Yeah, guys, and just taking a look right now at the markets, we are seeing the NASDAQ composite up about 1/2 of a percent, as Brad was just mentioning. I do want to mention the 10-year Treasury yield because that's ticked slightly lower. The US Dollar Index-- this is the dollar against a basket of currencies-- a little bit weaker, as we're watching right now. And then looking at Bitcoin, check out the Bitcoin action when that jobs report came out. Bitcoin up right now.

Taking a look at the sector action, we are seeing energy stocks, those are the big leaders today, along with materials and financials. Energy has been weak lately. And then just taking a look at the NASDAQ 100, we are watching Apple up more than 1%. Amazon also higher as well.

I mentioned the US Dollar Index. I should mention also the Japanese yen because the Japanese yen against the dollar earlier hit a 24-year low. And if we just take a look at a year-to-date chart, here's the Japanese yen against other currencies as well. I do want to mention the dollar. So this is the US dollar against other currencies.

A strong dollar is tough on emerging markets. It puts pressure on emerging markets. It puts pressure also on multinational, which sells services and products abroad as well. Also, it puts pressure on cryptocurrency. So the strong dollar obviously having an effect on the markets recently. But today, we're seeing a little bit of weakness with that dollar. That's supporting equities, guys.

BRIAN SOZZI: A true master of the YFi Interactive. Ines Ferre, thank you.