Tesla stock rebounds, Robinhood stock slides, oil prices reverse gains
Yahoo Finance's Ines Ferré discusses stocks and commodities making significant moves in intraday trading.
Video Transcript
BRIAN SOZZI: First, let's get over to Yahoo Finance's Ines Ferre over at the YFi Interactive. Ines.
INES FERRE: Brian, the sectors tell it all right here. We are seeing technology, which is in the green, followed by materials. And we're seeing here communications services, which, by the way, houses Alphabet and also Meta. That's slightly under pressure. Looking at the NASDAQ 100, we're looking at Alphabet, as I mentioned, down 3%, Meta down more than 2%. But you've got Microsoft there, up more than 4 and 1/2%. And Tesla seeing some gains, up 2%. Yesterday, Tesla was down 12%.
Also, checking out the Chinese ADRs. These are seeing quite a boost. We're watching Baba up 5%, Pinduoduo up more than 10%. And we're also checking out some of the travel stocks, some of them mixed picture here. And over on the meme chart, we have been watching Robinhood. Where is the Robinhood? Here it is, down more than 1 and 1/2%. Touching 52-week lows, Robinhood announcing that it is laying off about 9% of its staff. The company saying that its financial fundamentals are fine, but simply, there has been a lot of headcount growth recently.
Looking also at where we're at with WTI and crude, I just want to mention oil because we are seeing oil reversing course. It had been in green territory. Now it's down more than half of a-- or more than 1% for WTI. And Brent crude also lower, reversing its course from earlier this morning. Guys.
