Stocks reach session highs into the close, S&P 500 snaps 7-week losing streak
Yahoo Finance's Ines Ferre breaks down markets and sectors closing in the green for the week, in addition to the positive performances by Nasdaq leaders, travel stocks, and retail stocks.
Video Transcript
SEANA SMITH: We are just minutes away from the closing bell. The Dow on track to snap an eight-week losing streak. Ines Ferre has a closer look at these movers into the bell. And Ines, what stands out to you?
INES FERRE: Yeah, Seana, well, we are at the highs of this session, as we go into this final minute of trading. The Dow up more than 530 points. The S&P 500 snapping a seven-week losing streak and also erasing its decline for the month of May. Over the last five days, you can see the gains for the S&P 500, the NASDAQ over the last five days, and the Dow as well.
The leader today has been consumer discretionary and technology stocks. These have been the leaders, as well as real estate stocks as well. And we can also take a look at the five-day chart. You can see XLY is a big winner for the week, along with energy stocks. XLY having been hammered, really, throughout the year. So a big bump this week for consumer discretionary.
The NASDAQ 100, these are the leaders. On the left-hand side of the screen, you can see the mega caps. That's a five-day chart, but here's an intraday chart, with Amazon up more than 3%, Tesla up more than 7%. The travel stocks today have seen gains. And over the last three days, the largest three-day gain in two months. We've also been watching the retail stocks, as well as some of these retail names, especially the apparel companies, have reported their results this week.
