Nasdaq leads, Dow dragged following April inflation data

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The Dow Jones Industrial Average (^DJI) was Tuesday's chief laggard, falling by over 0.6%, dragged down by UnitedHealth Group's (UNH) stock hit. The Nasdaq Composite (^IXIC) capped the session 1.6% higher, while the S&P 500 (^GSPC) erased its 2025 losses and turned positive.

Market Domination Overtime's Julie Hyman and Yahoo Finance markets and data editor Jared Blikre review the market and sector action after the release of April's Consumer Price Index (CPI) report this morning.

To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.

00:00 Speaker A

Here's the closing bell on Wall Street. And now it's market domination overtime sponsored by Tasty Trade. Jared Blikre going to be along in a moment to give us the details from today's session. I'll start with the major averages. The Dow, which was the lone decliner on the day of the three majors and actually falling to its lows by the end of the session here, seeing a leg down in the last really 15 minutes or so of trading. Now, we saw a lot of headlines coming out of Saudi Arabia today where President Trump is. They're talking about some new investment announcements in the US. A lot of executives are there as well at a conference. So we've seen some announcements coming out but not enough to help the Dow today, which as we talked about, was pulled down in part by United Health and other health care companies. The S&P 500 still higher in the day, a little bit of a baby move down there at the end of the day as well, but not anywhere near as the lowest of the session. Still up by about three quarters of 1%, and the Nasdaq Ditto here up by 1.6%. A lot of strength in large cap tech today. Jared's got a closer look at today's action. Hey Jared.

01:46 Jared

Thank you, Julie. I'd like to sit in appreciation of the VIX right now, which has declined below the 18 level, and it's pretty much stayed there most of the day. And just check out the year-to-date chart, see where we've come all the way from 60 intraday down to below 20. So this is a positive improvement. Another thing that caught my eye today, I just did a rather long segment on the positivity of the bullishness of the 10-year T-note yield and the dollar moving in tandem over the last few days. But today they're split. The note is up about four basis points, and we have the dollar moving down about 8/10 of 1%. Nevertheless, it has been risk on today, so hasn't made a difference today. But that's something I will be taking into consideration and looking out for in the near future. Here is healthcare, as you said, Julie, healthcare taking a dip. United Health leading the way down, but also seeing weakness in some of the other defensive sectors, like staples and real estate and utilities over here. Materials are cyclical, but the other cyclical names, largely in the green, led by tech. And then, after that, you have energy discretionary communication services. So the mag 7 group really flying high today. Tesla up almost 5%, so is Broadcom. Nvidia up over 5 and a half percent. New orders from Saudi Arabia. Apple up 1%, and the list goes on. Also seeing some positive development in some of the names in the transports. Haven't talked about Uber in a while, but that has been hitting record highs. And that is up 52% year to date, and that is the largest component in the transports, which have a ways to catch up to the Dow. So in case you're interested in Dow theory, well, there you have it.