Yahoo Finance

That's the opening bell. You're watching The Morning Brief brought to you by Invesco. Take a look at the Nasdaq where you've got the great folks from MBC, MBC, ringing the opening bell, Middlefield Bankcorp. Okay. Oh, wow, you got the IMG Academy. We just had the CEO from IMG Academy on and they got a new partnership with Merrill. We also had one of the representatives from Ameri. Is that Armando Bacot? Yeah, it is. Former UNC basketball player, also former IMG Academy basketball player there. All right, great bunch of folks on both sides ringing the opening bell this morning.

I love to see it, Brad. Thank you for putting the basketball intel to use for us. We always appreciate it. Just taking a look at what we are seeing across markets at the moment. You're still looking at a pressure here across the Nasdaq intraday. We'll wait for that to load up for a second, but the Russell not having as much pressure as we saw in the pre-market trade, but the Russell was actually the outperformer compared to the Nasdaq and the S&P yesterday as we kind of cement this rotation narrative. And of course, all eyes on the Nasdaq for that big tech rotation and whether or not Nvidia earnings are going to be able to turn things around for the tech trades. So, I know someone who's going to have an answer to that for us. Let's get to Yahoo Finance's Jared Blickry for a look at what's moving markets today. Hey, Jared.

Well, thank you, Maddie. Uh, I just wanted to take a quick look at the Dow because we did have the first record closing high, and this is a nine-month chart. I'll just put a year to date, almost the same chart there. Uh, first record high we've had in about a month. Uh, so nice to see that coming back. Nasdaq not quite there. And then the S&P 500, well, that just came within inches, actually, uh, just a few points of the all-time high. So, you might think it's just a matter of time. We'll see. Uh, volatility not looking too, uh, too disruptive today. That's a 16 handle on the VIX. But I wanted to check out the 10-year T-note yield because that was jumping a little bit. You can see it's up four basis points right now to 3.86%. What stands out to me in this chart is that yields, the 10-year T note, uh, yield specifically, has retraced all of its gains for the year. So, just a big round trip there as we, uh, try to price in some Fed rate cuts. And let's take a look at the sector action, and I got a couple futures notes for you. Uh, financials, health care, staples, uh, are leading. We had also, uh, consumer staples was leading in the pre-market, also consumer discretionary, but not so much the case now. And it looks like tech and real estate are the two laggards. I just wanted to show you real quick the, uh, one-month totals here. This is going to go back, uh, trailing month. So, dips into, uh, July a little bit, but utilities, real estate, staples, those defensive defensive sectors, those are the outperformers. And let's just take a quick look at the indices. You can see these are global indices. Most of them are positive for the month. And I think that's very striking because we had those three down days at the beginning of the month, two or three, and we were tracking the worst August in something like 20 years. So, uh, back to the futures market, just want to show you this is a one-month view, and this is convenient because coffee is near the top. Coffee perking up once again. Uh, you can see breaking two. I don't know if that's a record, but it's very close. And on a five-year chart, you can see it's just testing. Had this huge, huge cup and a tiny little handle there. So, if and when coffee futures are able to break out, that's going to take a lot of attention there. And, uh, don't tell Sauz because his costs are going up on the morning brew.

All right. Jared, thanks so much as always, and thanks for bringing us not only the moves in commodities, but also, of course, the moves in tech that so much of our audience is looking at this week. We do appreciate it. Thanks so much.