Tesla stock surges, China stocks under pressure, travel stocks rally
Yahoo Finance's Ines Ferre joins the Live show to break down how stocks are moving in early trading.
BRIAN SOZZI: Now let's get over to Yahoo Finance's Ines Ferre for a look into the YFi Interactive. Ines.
INES FERRE: And Brian, taking a look at the sectors that are leading right now, consumer discretionary, which houses Tesla, by the way, and also technology. Let's take a look at the NASDAQ 100. Here we go. Tesla up more than 10% after record profits, its biggest gain, by the way, since January for this stock.
Taking a look over at ARK Innovation, I do want to point out Twitter shares up slightly. This is after news that Elon Musk is exploring whether to start a tender offer to acquire Twitter. This is according to an amended filing. And Musk received about $46 and 1/2 billion in debt commitment letters on financing.
Looking over also on what's happening with the Chinese ADRs, we are seeing more weakness here. Jd.com down 4%. I'm going to pull up a 10-day chart. You can see the bloodbath here, deep red for these Chinese ADRs.
And then looking at travel, I know that you guys have been mentioning the airlines, but we are seeing a nice rally here. I'm going to pull up a three-day chart here. You can see a lot of green on the screen. Marriott at new highs, this company has been-- the shares here have been hitting new highs day after day.
And really, also, economists have been talking about this shift that consumers-- that we would be seeing between consumers shifting from spending on goods, those big ticket items during the recession, to spending more on experiences, on travel, on services. And we may be seeing that as we look at the travel sector. Guys.
JULIE HYMAN: Thanks, Ines. Appreciate it.