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Meta shares rise, travel stocks up, Chinese EV makers rally

Yahoo Finance's Ines Ferre gives an outlook on the market and tech, travel, pharmaceutical, and Chinese electric vehicle stocks.

Video Transcript

JARED BLIKRE: We want to get more on the market here, so we're going to bring in Yahoo Finance's Ines Ferre. Ines, what do you have your eye on today?

INES FERRE: And Jared, you mentioned the NASDAQ as the outperformer. Let's take a look at the NASDAQ 100 because we're watching shares of Meta up 4%. That's right, Meta, after losing 32% over the previous four sessions, today is at session highs. We're also taking a look at Nvidia, up more than 5%. I'm also watching the travel sector here because we're looking at a lot of green here on the travel stocks over the last two days. You can see quite a bit of green.

Also in the health care space, we've been watching CVS down 5% after its quarterly results. COVID-related sales are expected to wane in the second half of this year. And then looking at some of the Chinese names, we are watching shares of BABA up more than 3%. Alibaba is higher today after SoftBank says that it's not looking to sell part of its stake in BABA. The Citi analysts had speculated that perhaps it was SoftBank that was involved with an SEC filing of additional ADRs of Alibaba.

And then looking at the electric vehicle space, we are seeing quite a bit of green in the electric vehicle space. We're also watching Xpeng, that's up more than 9%. Its Hong Kong shares are included in a trading link to mainland China. It basically allows investors in mainland easier access to shares. So that's why you're seeing a big pop here, especially when it comes to some of these Chinese vehicle makers. NIO also up today more than 5%. Jared, Alexis.

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