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Microsoft stock dips, Tesla stock rises, OPEC+ increases oil output targets

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

Video Transcript

BRAD SMITH: Let's get to Yahoo Finance's own Ines Ferre over at the YFi Interactive. Ines, great to have you here with us this morning. What are we seeing so far?

INES FERRE: Great to see you, Brad. We're taking a look at the NASDAQ 100, since you mentioned the NASDAQ up by its chinny-chin-chin here-- there. We are taking a look right now at Microsoft, down 2% after Microsoft revised down its fourth quarter outlook. Taking a look also at some of the gainers, though, with the NASDAQ, we are seeing Tesla up more than 2%.

In fact, I'm going to pull this up so you can see a little bit with a clearer picture. Some of the laggards right now being Moderna, Gilead, some of the vaccine makers and some of the healthcare stocks there. But we are seeing some of the gainers being [INAUDIBLE], Crowdstrike, DocuSign. In fact, if we pull up Ark, we're seeing-- look at this-- quite a bit of green for the components in Ark. We are also looking at the meme stocks right now. We're watching GameStop after its quarterly result in that very, very brief earnings call yesterday, up more than 1%.

And I just want to mention what's happening with oil because we just had some headlines coming out of OPEC+. OPEC+ increasing its monthly hike and by surprising the markets by 50% for July and August. So despite those increases, we know that OPEC+ has struggled really to meet its targets, though. So we are watching WTI trading just above $116 a barrel. Brent crude also just around $117 a barrel, guys.

BRIAN SOZZI: Ines Ferre, thanks so much.