Market check: Tech stocks gain, AMC stock rises, oil retreats

Yahoo Finance's Ines Ferré breaks down how stocks and commodities are trading on Monday.

Video Transcript

BRIAN SOZZI: Now let's go over to Yahoo finance's Ines Ferre with a look at the markets. Ines.

INES FERRE: And, Brian, are looking at consumer discretionary stocks, also technology stocks, those are seeing some gains. And, as you had noted, the NASDAQ seeing some gains. So I want to point out the NASDAQ 100 right now because we are watching Tesla at more than 5 and 1/2%, opening at its highest since January 18th.

I also want to mention Amazon is up 1%, extending its recent gains, now positive for the year. In fact, I'm going to pull up a year-to-date chart so you can see Amazon. Well, it was just positive, but just flat for the year. And Tesla is positive for the year.

I do want to point out, out of the FAANG names, take a look here. Netflix is down 38% year-to-date, so Netflix being the poorest performer out of the FAANGs for the year. Also, looking at the meme stocks, we're seeing some green over on AMC up 10% after CEO Adam Aron gave an interview to Reuters saying, he'd like to think there will be more third party external M&A announcements going forward. He said, transformational M&A is mandatory. This is, of course, after the company recently took a stake in a metals mining company.

And if you just take a look over the last five days, take a look at the movement, really, on GME. Up 73%. GameStop, 43% Over. The last five sessions.

Finally, I want to mention what's happening with the oil market because we are seeing oil retreating because of lockdowns in Shanghai, concerns of demand destruction because of mobility issues. Oil, though, still heading for a fourth month of gains, despite this lower start to the week. Brian.

BRIAN SOZZI: Ines, maybe IMC will take a stake in a home builder next. You never quite know with Adam Aron.

INES FERRE: You never know.

BRIAN SOZZI: Thanks so much, Ines.