Yahoo Finance

You are hearing your opening bell on Wall Street for this Thursday morning. Look at live images from the New York Stock Exchange and the NASDAQ here. Really interesting to see what's happening in markets today, given that the big tech names, maybe they're getting their mojo back. It's certainly what we're seeing in the trade this morning. Let's take a look at the major averages here. You are starting to see these major averages pop up on our screen here. You've got your S&P 500 up nearly 1%, actually coming off of highs before the opening bell. Maybe those jobless claims coming in a touch higher than expected, weighing on sentiment just a touch, though, of course. Hey, we'll take a good day after so much volatility. I really quickly want to take a look at some of the sector action here, and when you think about the fact that we have had so much volatility on those tech names, take a look at your XLK, up over 2% here. And if I can broaden it out just a touch, take a look over the past month. You can see that we have still had some movement to the upside in some of that tech activity, even though tech has been under so much pressure over the course of the past quarter, given some of the volatility with regards to the trade war. Let's get it over to Yahoo! Finances, Jared Blickre, for a broader look at what's moving. Hey, Jared.

All right. Thank you, Maddie. I'm going to start off by saying NASDAQ really surprised me last month. April was down 12% in the NASDAQ. It closed in the green. I'll just show you that one-month chart real quickly. And there you go, 2.02% over the trailing month right now. And then the Dow and the S&P 500 are heading for their first eight-day winning streak since last year. I think it was August for the S&P and September for the Dow. But I want to take a little bit of a longer-term view here on the S&P 500. This is a year-to-date chart, and I've been posting this just about every day. I want to highlight that we are now comfortably, seemingly comfortably, entering this area of price memory that we had way back in March. So, really, the markets and the traders have to get beyond these levels here and punch above it in order to have a shot at reclaiming those highs, but anything can happen in this area. So there's still a little bit of work to be done. Notwithstanding that, we have a lot of bullish developments here. The VIX is dropping to a four-week low. This is again a year-to-date chart, and we can see right there. Not a big movement today, but I think traders will welcome that sign, still hovering above the 20 level at 24. So some work to be done there, but not a lot happening in bond or dollar land. So I'm going to move on again to the sectors. This is XLK here. That's the tech sector that is leading up 2.21%, the best day in a week. And we are not surprised to see that. Guess who's leading it? That is Microsoft. Microsoft on the upper left there, largest stock in the public universe here on planet Earth. That is up 10% today. NVIDIA, 4%. Meta, off of its earnings, up 5%. For Microsoft and Meta, these are the best days in three weeks. You'd have to go back all the way to that Trump announcement of the tariff detente on April 9th to find a better day. And it's going to be difficult to find a better day than that for a while. I want to point out too that software and disruption are leading the tech sphere today. This is my leaders' board, and we can see MAGS. At the MAG7, that's up almost 4%. Then we have Bitcoin also following software. That's a Microsoft play. That's up 2%. And also Ark Investment Fund. Want to point out that. I'm going to show my heat map of some of these components here. Tesla just swung into the green. It was in the negative just prior to the market open. And you're seeing a lot of green here in disruption. Not so much in the. We have a lot of green in the semi space and NVIDIA leading there in Taiwan semi, but a little bit of red. So software and disruption really leading the way there. Uh notwithstanding all this green, I do I do need to feel. I feel the need to point out a couple things in futures land. We have crude oil. That has now hit the second lowest level, uh $58.12 is where it is right now. It hit 56 and change. That is the lowest level in four, five, yeah, four years. You'd have to go all the way back to about January, February of 2021 to find a lower level. That speaks to the demand picture globally. And I don't know quite what to make of it right now, but that's something I'm definitely going to keep my eyes on. Then I also want to point out that gold and silver, this is a six-year chart. I'm going to punch this down to an intraday. Gold and silver having their worst day in a couple of weeks there. Is the rally in gold and silver over? By no means. I don't see anything in the technicals here that see extended weakness, but just a little bit of a bad day for the precious metals. And I'll send it back to you guys.

All right, Jared. I'll add one more to you, the best month-to-date performance for Berkshire Hathaway of all time over the course of the last month. Thank you so much, Jared.