Stocks open higher as investors digest GDP data, earnings
Yahoo Finance Live’s Brad Smith breaks down how stocks are moving after the opening bell.
Video transcript
[AUDIO LOGO]
BRIAN SOZZI: Texas Instruments this weak-- a weak outlook. Microsoft, weak outlook. ServiceNow operating-- or their earnings call last night sounded like GDP was off the charts, or it could be off the charts this year. Brought a lot of puts and takes here for investors to wade through.
BRAD SMITH: Yeah, absolutely. Well, out of the gate here this morning, we are seeing green on the screen. Dow Jones Industrial average-- let me put that on chart view for you-- and we'll populate this entire week for you. How about that? Dow Jones Industrial average-- that's up by about 3/10 of a percent here on this Thursday-- or Friday Junior, as our friend downstairs likes to call it.
Additionally, over the past four days-- up by about 1.4%. NASDAQ composite, that's higher by about 1.4% out of the gate here on the day. Past four days, nearly 3% in gains there for the tech-heavy average. S&P 500, you're seeing that over the past four days up by about 1.9%. And 8/10 of a percent added here out of the gate.
Let's take a look at some of the sector activity as well that we're tracking here. And for the 11 S&P 500 sectors, you got three of them in negative territory as of right now. XLB-- yep, materials. That is bringing up the caboose. It's down by about 4/10 of a percent. XLY, you got some takes on consumer discretionary here that are looming large in the market. They're up by about two and a quarter percent for XLY as of right now.
