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Market check: Tech, travel stocks get a boost in early trading

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Yahoo Finance's Ines Ferre gives an outlook on the market as tech stocks rise and travel stocks rebound as Omicron fears fade for travelers.

Video Transcript

INES FERRE: And it's a good day for tech stocks today. Take a look at our YFi Interactive board right now. We're looking at the NASDAQ 100. The mega caps here are seeing some strong gains. Apple up 3%, touching new highs. Also looking at Nvidia up 3%, gaining back what it lost yesterday. In fact, the semi space, which yesterday had seen some weakness, today seeing a lot of green. As you mentioned, Intel being our top trending ticker.

Also the software space which, over the last month, had seen a little bit of weakness. I'll put a one-month chart there for software. Today we're seeing green across the screen.

Also, we're looking at MongoDB up 14% after reporting its quarterly results. A strong quarter. And some strong guidance out of that company.

And then looking at the travel stocks, reopening stocks, those are rebounding again today. Travel stocks that had seen gains yesterday-- I'll put up a two-day chart here. You can see some of the double-digit gains over the last couple of days for some of these airliners and also some of the cruise-line operators.

In fact, I'll stay on the two-day chart to show you the Chinese stocks as well. BABA up 12% over the last two days, yesterday gaining 10%-- in fact, its best gain since June of 2017 as these stocks are also rebounding today.