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Netflix stock pops, AMTD Digital meme stock soars, bitcoin down slightly

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

Video Transcript

[AUDIO LOGO]

BRIAN SOZZI: Now, let's get over to Ines Ferré at the YFi Interactive. Ines.

INES FERRÉ: Yeah, Brian, and stocks dipping into green territory. Looking at the NASDAQ, we are watching the NASDAQ up about 1/10 of a percent. But you can see the NASDAQ opened lower and is now in the green. Same situation for the S&P 500. Taking a look at the US dollar index, a little bit of volatility here. Just hit a session low earlier this morning.

Looking at the sectors. We're watching energy, which is underperforming. A bit of a reversal from what we saw yesterday where energy was outperforming. Today, it's the underperformer. Financials, consumer discretionary are outperforming right now. Looking at the NASDAQ 100, Amazon, Tesla, up more than 1%. I want to point out Netflix after an upgraded Evercore ISI, Netflix up 5%.

Also want to point out so what's happening with some of the meme stocks because we are watching HKD, this is AMT Digital. This is the Hong Kong Fintech company. Yesterday, the stock was up 300%. Definitely, a meme stock. Went public a couple of months ago. And I'm just gonna pull up a chart here so you can see the volatility that we saw with this stock back in August. And today, seeing quite a lot of volatility. It was halted for trading earlier this morning.

And finally, just want to point out what's happening with crypto, as we watch Bitcoin just down slightly. Bitcoin right now above $20,000 a token, guys.

BRAD SMITH: Yahoo Finance's own Ines Ferré over there at the YFi Interactive, thanks for the breakdown this morning.

JULIE HYMAN: The Barbie effect.

BRAD SMITH: The Barbie effect.

JULIE HYMAN: She's got the hot pink on, which Josh Silverman which just telling us from Etsy, that's the color. That's driving product sales on Etsy.

BRIAN SOZZI: I'm wearing my pink tie tomorrow.

INES FERRÉ: Holler.

JULIE HYMAN: There you go.

BRAD SMITH: Pink tie tomorrow?

BRIAN SOZZI: Yeah.

BRAD SMITH: All right, there we go. All right, we got to update our wardrobes here. Thanks so much, Ines.