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  • S&P 500

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    +0.57 (+0.01%)
     

  • Dow 30

    31,261.90
    +8.77 (+0.03%)
     

  • Nasdaq

    11,354.62
    -33.88 (-0.30%)
     

  • Russell 2000

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    -2.96 (-0.17%)
     

  • Crude Oil

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    +0.46 (+0.42%)
     

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    +3.90 (+0.21%)
     

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    -0.14 (-0.65%)
     

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Market Recap: Monday, April 26

Stocks were in a holding pattern Monday, with traders bracing for a busy week of corporate earnings results, a Federal Reserve monetary policy decision and deluge of economic data. The S&P 500 ticked up to narrowly eke out a record intraday high. The Dow was little changed, while the Nasdaq edged lower ahead of a bevy of Big Tech earnings. Jay Hatfield, InfraCap Founder, CEO and Portfolio Manager and Andrew Mies, 6 Meridian Chief Investment Officer joined Yahoo Finance Live.

Video Transcript

ADAM SHAPIRO: Heading toward the closing bell and helping us get there are Jay Hatfield, InfraCap founder, CEO, and portfolio manager. We've also got Andrew [INAUDIBLE] Meridian chief investment officer. Good to have both of you here. But right now, we want to check in with Jared Blikre to see where these markets are going to settle. Jared.

JARED BLIKRE: Yeah, well, we've got the Dow in the red now. But tech is flying and so are some other sectors. Let's take a look at them. NASDAQ 100, the NASDAQ composite off of its highs, but was able to make new session highs in the final hour of trading. And we can see it's been a roughly-- it's been a largely productive day for tech here. When we take a look inside the NASDAQ 100, the mega caps very strong to set the stage for this Super Bowl of earnings week. And Amazon up 2%. This story is really gaining traction that they may be about to do a stock split. So that 3,409 stock price becomes, well, maybe 500, something like that, a little bit more manageable.

Also checking in on Tesla. We're going to get those earnings for you in just a minute. You can see that's up about 1% today. Still in the middle of its trading range over the last couple of months. So this can be an important inflection point for the EV automaker. And we're also going to check in on the travel space one more time because we saw American Airlines up 4%, Delta up over 1 and 1/2% on the reopening. And let's just take a look at a smaller time frame chart here. This is over the last five days. So you can see, getting a nice bid off of those lows from last week.

Also checking in on the sector action of the day, we can see. Now, energy is in the lead, along with materials, tech, discretionary, and financials. So lots about performers today. Nothing moving too big. Maybe staples to the downside here. That's off more than 1%. Also utilities, healthcare, and industrials rounding out the bottom laggards here.

But we got a little bit more time. So let's check out the meme stocks because we're seeing a lot of positive action in this space. again today. We have Naked Brands. That's up 27%. AMC up more than 10. GameStop, the poster boy or poster child for this entire movement, that's up 11%. So, really seeing some interesting things happen with the hot money flows today. And just with a few seconds to go, we're going to check out crypto stocks as well because those are having a decent day after that washout we saw overnight in Bitcoin. Guys.

SEANA SMITH: All right, Jared Blikre. Thanks so much. That does it for today's trading day. Dow, S&P, and NASDAQ closing [INAUDIBLE] bit of a mixed picture. We have the NASDAQ leading the way. Jared was just mentioning some of the strength that we saw in some of those tech names, with the NASDAQ closing up just around 9/10 of a percent, so just shy of that 1% level.

Travel and reopening plays also catching a bid today. Dow, though, you can see, closing off 61 points and closing off its lows of the day, but being dragged down by names like Proctor and Gamble, off just around 2%. Walmart and Coca-Cola the worst performing names in the Dow today. Consumer staples was the underperformer sector wise, off just over 1%.

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