Yahoo Finance

That's a live look at the opening bell in Midtown, Manhattan at the NASDAQ Pow Valley ring the opening bell. Yeah, go ahead, press that button, get yourself some funfetti to start the week here. And you've also got Douglas Dynamics rang the opening bell up on the podium at the New York Stock Exchange here. Let's begin this trading week here, taking a look at the Dow Jones Industrial Average. We are up by 2.6, 2.7% here. This as the US and China have agreed to a trade truce for right now, which lowers some of the interim tariff rates for both countries. Major move there. The markets responding in kind here as you're seeing the Dow ripped to the upside by about 2 and a half percent. The NASDAQ composite is up by more than 4% to start off today's trading session. And the S&P 500, that's up by about 2.9% right now. We're still awaiting some of the details around that, so we will see exactly where negotiations continue to pay out from here. But no doubt positive reception at least on the back of that weekend news. And taking a look at the sector action here, out of the gate on the day. Yeah, I had to adjust my own vision here for a hot second here. Oh, come on, staples. That's the only laggard right now. It's down by about 4/10 of a percent. However, you've got 10 out of 11 S&P 500 sectors in positive territory led by, oh yeah, you guessed it, consumer discretionary and technology here. I'm going to get that chart to populate in a hot second, but some massive moves to the upside here, 5% for consumer discretionary, about 4% for technology, a little more than that. And taking a look deeper dive into some of those technology names here to begin the session. You've got Microsoft up 1.4%, Amazon, that is moving and grooving here. Boogie Wonderland for Amazon as it's moving higher by about 8 and a half percent. And then additionally, Apple, Nvidia, Google, Meta, call them all higher here to start the day here. A few spots of red here, peppered into the mix as we're taking a look at Netflix bringing up the caboose actually. That is down by about 2.3%, but fret not, let's just see if we could take a look at the year-to-date move that we've been tracking with Netflix as well here. It's up 24% year-to-date while the rest of the market essentially has been trying to regain some of its losses over the course of that same scale here. And then just lastly here, before I toss it on over to Jared Blickre, taking a look at the 30 Dow components, the DJIA, as you would probably look it up on the Yahoo Finance platform. Taking a look at where we're seeing activity transpire out of the gate this morning. You still have some laggards, McDonald's, the Golden Arches, got a little bit of, oh yeah, that was populating. So let's see what's going on there. McDonald's, MCD, the Golden Arches, got a little bit of tarnish on them to start off today's trading session. It's down by about 2.2%. Verizon also down 2.3%. But same case here, Amazon, the leader, Nike, also higher by about 2.8%, likely due to alleviation, sigh of relief perhaps for the swoosh around some of its own operations and potentially seeing it come into favor for its own manufacturing in the Asia Pacific region coming off of the weekend's talks on trade. Let's get to Yahoo Finance's Jared Blickre for a look at what's moving a little deeper into today's tape here. Jared.

Thank you, Brad. Yes, a big sigh of relief and some enthusiasm in the markets. I want to show you a year-to-date. We have the major averages plus the Russell 2000, the small caps all having their best day in a month. You'd have to go back to April 9th, middle of the day Wednesday, there was another trade day taunt announced by President Trump. That rocketed marks higher, markets higher. I think the NASDAQ was up 10-12% that day. Not as dramatic right now, but here's the S&P 500. Let me show you the 200 day moving average because I've just been talking about this non-stop, finally above it. Now we got to close above it, but the NASDAQ is in very similar territory there. We'll see if that populates and if it doesn't cooperate, you'll just have to take my word for it, but I do want to get to the VIX just real quickly. I was showing that pre-market it was under 20. There you go. It is down 20%. First time since looks like almost late March right there. So very, very much an improvement in sentiment there. Here is the 10-year T-note yield. As I was saying 30 minutes ago, very positive that it is moving in the same direction as a dollar. 10 year is up about nine basis points and the dollar is up over 1% today. And I'll show you the intraday chart there. And not cooperating, but we're going to move on to some heat maps. And I want to show you what's happening in sector action. Brad was absolutely right, consumer discretionary taking the cake. Tech is number two, then you have energy and materials. So cyclicals leading and then those defensive sectors like staples and utilities, those are lagging. You can throw real estate and healthcare in there as well. And if we take a look at the MAG 7 and I'll use the NASDAQ 100 to do that, we see Amazon and Tesla. They are both leading. Reminds me of the post election in November, November 5th, 6th, 7th, and for about a month after that, we saw some huge movements in those two stocks. Tesla really had a nice run at the time. A lot to get to here, so I'm going to move over to my leaders. And it's interesting to track the thematic leaders today. We have retail, XRT just took the top spot, but then we have chips, then we have China, then we have aerospace and defense, and then we have disruption and regional banks. Really nice mix of broad sectors here. And we can just dig into some of those. Here's China. You can see Alibaba up 6%, Pinduoduo up 8%. And let's see if I can get retail in there. And if I can't, that's all right. We got a lot going on here. I'm going to move on to the futures market because not everything is going upside. We do have gold moving to the downside, and not really a surprise, more of a defensive trade right there. But gold is down, having its worst day in a couple weeks, and we can see that in this chart. It's down about 3%. This is the overnight action. I will show you the year-to-date, though. It's, it's not like the bull market in gold is over. We just have the makings of a potential top here. And we'll see how this evolves in the coming days and weeks. Real quick, too, silver had kind of a comeback and it's been interesting to track that. We saw that big drop overnight as equities were popping, then we came back to the unchanged line, and we're just a little bit off right now. And I want to close the futures analysis with crude oil. WTI is up 3.72%. And let me just show you what it's done year to date here. Off of this bottom here, doesn't look like much, but that is up 14%. And that was, that low there was a four-year low. So that's pretty significant for crude oil. Just speaks as to the global demand picture. That was one of the markets that had me worried until basically this morning. So here's crypto. We're going to close out with the crypto trade and Bitcoin just trading even, but it has done some heavy lifting work over the last few days. This is another year-to-date chart. Let me just show you the last five days because we had a surge starting late last week and that kind of was a prelude to all this risk on action, I think that we're seeing today. So Bitcoin leading, or was leading last week, and now it's just kind of consolidating some of those gains. If I put the year-to-date back on, you can see it is now within about 3% of those record highs that we saw way back in January.