U.S. markets close in 3 hours 9 minutes
  • S&P 500

    4,272.23
    -32.97 (-0.77%)
     
  • Dow 30

    33,971.25
    -180.76 (-0.53%)
     
  • Nasdaq

    12,927.97
    -174.58 (-1.33%)
     
  • Russell 2000

    1,984.80
    -35.73 (-1.77%)
     
  • Crude Oil

    87.22
    +0.69 (+0.80%)
     
  • Gold

    1,775.60
    -14.10 (-0.79%)
     
  • Silver

    19.72
    -0.36 (-1.82%)
     
  • EUR/USD

    1.0170
    -0.0001 (-0.01%)
     
  • 10-Yr Bond

    2.9080
    +0.0840 (+2.97%)
     
  • GBP/USD

    1.2045
    -0.0050 (-0.41%)
     
  • USD/JPY

    135.3410
    +1.1260 (+0.84%)
     
  • BTC-USD

    23,452.74
    -298.78 (-1.26%)
     
  • CMC Crypto 200

    556.98
    -15.84 (-2.77%)
     
  • FTSE 100

    7,515.75
    -20.31 (-0.27%)
     
  • Nikkei 225

    29,222.77
    +353.86 (+1.23%)
     
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Nasdaq continues fourth day of gains, megacap stock lead markets higher

In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Yahoo Finance Live checks out the latest sector and market gains this week, particularly in the Nasdaq and streaming stocks.

Video Transcript

DAVE BRIGGS: We start with the markets, however, moving today on, well, it's not entirely clear, is it, Seana, just like yesterday.

SEANA SMITH: It's not entirely clear. And it's interesting when we take a look at the leadership that we're seeing, Dave. Because once again today, we are seeing the NASDAQ pace the gains. You can see right here with the NASDAQ up nearly 1.5%, the S&P is also holding onto gains, up just about a half of a percent, so getting closer to that 4,000 level.

Taking a look at the sector action that we are seeing, communication services, technology, consumer discretionary leading the way. And, Dave, I want to pull up some of the leaders within that NASDAQ. We talk about the fact that the NASDAQ is up about 1.5%-- some of those larger cap tech names leading the way-- Apple, Amazon, Microsoft, Google all in the green once again today.

DAVE BRIGGS: Really remarkable. We saw this yesterday, and everyone was searching for some news that drove those up. And there really wasn't any. And you talked to analyst after analyst, they say finding a bottom is a fool's errand. But it's starting to look as if we found one earlier in the week.

SEANA SMITH: It's starting to look like that. And hopefully we did, because that would mean good news here for the markets. I also want to bring up the streamers. We got the earnings out from Netflix after the bell yesterday, and we're seeing a reaction across the board. But Netflix's stock up just about 6% today.

You and I discussed the earnings at length yesterday. They lost almost a million subscribers, but still was better than what the Street was expecting. And I guess that's good enough for now.

DAVE BRIGGS: I think it's a remarkable time in the streaming industry, because it's the first time they've ever lost subs in back-to-back quarters, and people took that as good news. I think we're looking at an entirely different environment. And we'll talk about that with Ali Canal later on. It's just changed the game. Subs mean less.

SEANA SMITH: Subs certainly do mean less. And we really see that throughout the streaming sector here. Disney up just about 4%, Roku over here up nearly 7% today. So we certainly are seeing excitement across the streaming space. Rachelle, we also got a couple of big names on tap-- Tesla and United both set to be out after the bell this afternoon.