Market check: Nasdaq stocks stage comeback, Dow and S&P 500 close near all-time highs

Yahoo Finance's Jared Blikre breaks down a market chart comparing Nasdaq stock returns.

Video Transcript

ADAM SHAPIRO: Jared Blikre, you got one last big take for us?

JARED BLIKRE: That's right, and I'm writing about it. You can find this on Yahoo Finance, our website. Now I want to go to the YFi Interactive, because I have a [INAUDIBLE]. This is a still, but you should check it out. It's interactive. To the downside, this goes from 0% to negative 80%. That is the drawdown of every stock in the NASDAQ 100 from their 52-week high. Way down here at minus 80% is Peloton. Then we have Pinduoduo, down about 70%, 72%.

Now the bigger the bubble, the bigger the dot. That means that it is higher in market cap, so here we have all the big market cap stocks. Up here and importantly, the X-axis, we have this as the return in 2022-- excuse me, 2022. And you could see most of these stocks to the left of it, some of these in extreme territory. To the right, we have Lucid Motors. That is up 10% this year. That was actually as of earlier today. It was the number one stock last year. We have a bunch of-- we have a couple of utilities and staples names like PepsiCo that are producing some returns this year.

So all in all, I just want to get to a heat map and kind of demonstrate what is going on over the last two days versus what we've seen recently. So here's today's price action. Here's over the last two days, where we see Tesla up 3 and 1/2%, AMD up 4%. A lot of these stocks staging comebacks because if you take a [INAUDIBLE] happened over the last nine months, and a lot of these stocks peaked in the middle of last year. So that's just showing you some of the damage that they've been working off. But point of fact, here's the bottom line. We are in the midst of a comeback. And we'll have to see what tomorrow brings.

ADAM SHAPIRO: All right, as Katie Scarlett O'Hara said, tomorrow is another day. Jared Blikre, thank you very much.