In This Article:
The Nasdaq Composite (^IXIC) holds onto Thursday gains to close over 1.5% higher, while the Dow Jones Industrial Average's (^DJI) winning streak keeps on rolling.
Market Domination Overtime host Julie Hyman and Yahoo Finance markets and data editor Jared Blikre highlight the day's market and sector performances amid the latest Big Tech earnings and ahead of tomorrow's April jobs report.
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
There's the closing bell on Wall Street and now it's market domination overtime. Jared Blickry is going to be joining us and Josh Shafer's here too to get you up to speed on the action from today's session. I'm going to start with the major averages here and where we ended the day positive for all three, but much more positive for the Nasdaq, which of course got a lift from meta and Microsoft as we await Apple and Amazon here. Um, and as you see, the Nasdaq finishing higher by 1 and a half percent, the S&P 500 up by 6 tenths of 1%, and the Dow higher by about 83 points. That's about two tenths of 1%. Um, all of this even though we got some economic data in the form of the ISM manufacturing report as well as jobless claims that may be um, a cause, a little cause for concern with manufacturing contracting yet again. Jared's got to look under the hood here. Hey, Jared.
Thank you, Julie. Let's take a look at the YFi interactive. I'm going to show you the Dow first. This is the laggard of the day, up only about 82 points or two tenths of a percent. Can see a little bit of a sell-off into the close, S&P 500 holding on to gains of over half a percent. And as you said, Julie, the Nasdaq flying high, up 1 and a half percent. And by the way, the Russell 2000 also cracked 1% to the upside, not seeing much of a sell-off there. I do want to see a, excuse me, the VIX here. Finally cracked under 24. This is going to be the lowest that we've seen the VIX in about four weeks. And let's take a look at the 10-year T-note yield as well. That's up five basis points today. If I show you the one year chart, we'll get to some heat maps in a second. You can see kind of in the middle of a range that we've seen over the last month. Now, let's go and see what the sector action brings us. And, uh, here, that was the Nasdaq 100 looking good there. We'll come back to it. Tech XLK up in the upper left. That is up 1 and a half percent, fueled by Microsoft. XLI is Industrials, that's also outperforming the S&P 500 up about three quarters of a percent. Healthcare, Eli Lilly weighing on healthcare. That was down 2 and three quarters of a percent. Also in the red consumer staples, materials, and financials. Now let's get back to the Nasdaq 100 where we see Microsoft best day in a while up 7.63%. And I'll just show you the year to date real quickly. You can see there we go, over the hump. So Microsoft back in positive territory for the year, and I'll show you meta two, meta another great day, still underwater for the year, but some positive traction there. Let's skip over to the Dow real quick. Got a few seconds left. Uh, aside from the mega caps to the left, we're seeing more red, a little bit more red than green. We'll call it a mixed board to close the day. And then I'm going to lead us off on the leaders. And, uh, we can see the mags that mag 7 ETF, that was up the most up 3%, also seeing some positive traction from Bitcoins. So let me just flip there real quick, up 2 and a half percent. And look at that, Bitcoin's also in the positive for the year. So 96,500, we're going to call that a day and send it back to you, Julian.