Nasdaq, stocks close higher ahead of May CPI report

In This Article:

US stocks (^DJI, ^IXIC, ^GSPC) end Tuesday's session in positive territory around the latest headlines about the trade negotiations between US and Chinese officials and ahead of May's Consumer Price Index (CPI) reading due out tomorrow morning.

Market Domination Overtime's Julie Hyman and Yahoo Finance markets and data editor Jared Blikre evaluate the latest equity market and sector moves.

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

00:00 Speaker A

There's the closing bell on Wall Street and now it's market domination overtime. Jared Blickre going to be along to get us up to speed on the action from today's session. I'll start with the major averages. We got the Dow up 105 points. That's about a quarter of 1%. Obviously, traders still closely watching the trade headlines and Commerce Secretary Howard Letnick, who's been participating in those talks in London, reportedly saying that the latest round went very well. Um that said, we saw a little bit of a leg up, but nothing huge here. The S&P 500 up about a half of 1% and the Nasdaq up about 6 tenths of 1%. Jared's got a closer look at today's action.

01:10 Jared

Thank you, Julie. If you're keeping track here, the S&P 500 now under 2% from its record high. It's basically been there for a few days, not moving that much day after day, and that's because as bull markets evolve, volatility tends to dry up. So we're not seeing a whole lot of index movement. That is a good thing. And here's the VIX. VIX falling to multi-day lows. 16.87 is the closing level today. And if we take a look at the 10-year yield, that is back below 4 and a half% and the 30 year still below 5%. We got some big auctions on deck tomorrow and Thursday as well. We had a three year today, and I didn't really see any hiccups from that, so good news there, but we'll be watching that tomorrow as well as CPI. So here's the US dollar index up just barely today, nothing to write home about there. So let's move on to some of the sector action, and let's get to that right here. And today, we have energy up 1.8%. That was in the leadership spot. Then we have communication services, consumer discretionary, health care, and all of those up 1% or more. Only industrials fell into the red today, and we'll take a look at the Dow industrials in a second. But first, here is a NASDAQ 100. Tesla, two days in a row up nicely. That's Netflix. Let's see if we can get Tesla there. Yesterday was up 10% off the lows, and that was not the net amount, that was from the lows. But over these last two days up 10%. And then since last week, let's just put a 10 day chart on there. You can still see it's underwater from that big sell off we got late last week, but nevertheless, Tesla coming back here today. Meta Alphabet each up more than 1%. Netflix, which I pulled up a minute ago, that was down about 1.7%. And I promised the Dow, so let's leave off on there. Kind of a little bit of a mixed board, more green than red. Visa up 1%, Disney up 2.5%, Merck up over 2.5%, and Nike, that little square down there, rectangle rather, that's up 3%. But the red spots, we got Salesforce, McDonald's, and Cisco each down more than 1%.