Stocks open higher, steadying after Monday pullbacks
The stock market (^DJI, ^IXIC, ^GSPC) is in bloom, opening the morning in the green after Monday's pullbacks. Consumer discretionary stocks (XLY) lead sector gains this morning.
Yahoo Finance Live analyzes the market and sector action happening after Tuesday's market open.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.
Video Transcript
SEANA SMITH: All right. Let's take a look at some of these major averages, because we are seeing some green on the screen. A bit of a reversal from yesterday's losses, trying to claw back and get to those record setting highs, which we are set to, at least, be attainable at this point, if we keep this momentum to the upside.
You've got the Dow up just about a tenth of a percent. The NASDAQ also moving to the upside here, up nearly a half of a percent. The S&P also moving further above that 5,200 level. Many of the strategists that we have talked to over the last several days now, obviously, focusing in on 5,300, as they do get a bit more bullish here on the street.
Russell 2000 also moving to the upside. Some movement in the small cap space. And let's take a look at the heat map here, Brad. You were taking a look at some of the crypto stocks earlier today. Taking a look inside the NASDAQ, you've got a number of those larger cap tech names also pointing to gains here at the open.
NVIDIA up nearly 1% here. And taking a look at that sector action. Green across the screen, with the exception of industrials and real estate right now. Those two sectors under a bit of pressure. But consumer discretionary, financials, also, technology there, among the outperformers in today's action.
BRAD SMITH: Yeah. Consumer discretionary leading the pack. As you mentioned right now, higher by about a half a percent. Interesting here today, too, we've got consumer confidence data that's going to be coming forward. So that's going to be something to pay close attention to.
It's Nike Air Max Day as well. So we'll see if some of those discretionary dollars are going towards some new feet heat out there. But, ultimately--
SEANA SMITH: Some of yours.
BRAD SMITH: I got to see what colorways are out there. I'm all about the colorways. They've got to match. I've got to match and coordinate everything.
SEANA SMITH: Thanks, sneaker guy.
