Nasdaq, stocks open higher, buoyed by tech sector gains

US stocks (^DJI, ^IXIC, ^GSPC) move higher at Tuesday's market open, the Nasdaq Composite starting the day by over 0.5% higher.

Morning Brief host Seana Smith checks out the morning's market action, noting the tech sector's lead early in the day and the downside in Chinese stocks, while Yahoo Finance markets and data editor Jared Blikre monitors trends in US Treasury yields (^TYX, ^TNX, ^FVX) and the commodity and crypto sectors.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Luke Carberry Mogan.

Video Transcript

Getting ready for the opening bell on Wall Street.

You can see the excitement playing out at the NASDAQ and the New York Stock Exchange.

Again, futures pointing to gains here at the open, all three of the major averages on track to open the trading day in the green.

A bit of a reversal from yesterday's downward pressure where we saw the worst performance for the Dow and the S and P in just about a month, but it's a new day and you can see lots of smiles on the floor of the Stock Exchange and hopefully the smiles will carry over into the market here this morning.

When you take a look at the major averages in this report brought to you by invest.

Let's take a look at the three major averages as we wait for the NASDAQ to open.

You've got the Dow and the S and P both trading to the upside here above the flatland Dow up almost 100 here.

You have the S and P up just about a half of a percent as we wait for the NASDAQ there to Calibrate.

Let's kick it over here to the heat map.

And some of the activity that we're seeing play out on a sector basis, you are seeing a lot of green on the screen.

You've got technology leading the way that sector up just about 6/10 of a percent consumer discretionary, at least for now as we wait for it there, you got financials up about 6/10 of a percent consumer discretionary.

Also among the out performers there on the flip side, materials and energy under a bit of pressure.

Take a look at some of the our performance that we're seeing within big tech and take a look at some of those bigger tech names.

You got NVIDIA up once again today, up just about 1.5% some of those other larger cap tech names outside of Microsoft.

Also moving to the upside Tesla up just about 1.7% ahead of its Robo Taxi Day that's coming later on this week.

And then we're expecting to hear some announcements from Google in terms of their remedies regarding the antitrust case, that stock is up just about 6/10 of a percent ahead of those developments.

I also want to point out some of that flip side and some of the pressure that we're seeing in Chinese stocks today, a very, very different story.

But at least up until right now in in very very early trading, we are seeing us stocks being able to shake off some of those concerns.

But again, you've got big names like Alibaba Pin, do a do jd.com moving to the downside today.

You got jd.com off just about 8% here at the open Jared B standing by for a closer look at some of the other movers, Jared.

Thank you, Shana.

Well, I'm looking at the S and P 500.

This is kind of like my guiding light and I'm going to pull this up here with a six month chart.

Basically, we have exceeded the prior highs and we've just been trading in a range for the last few weeks, about three or so.

And as long as we don't breach these highs right here, which are just under 5700 the risk rally is still on even though I'm seeing some yellow and flashing orange warning lights.

So let's take a look here at the 10 year because that has been really on fire recently.

That's a six month chart.

I'll dial this down to a three month.

So you can see the rally.

Um This happened last week on the non farm payrolls that big jump right there.

And so that's give me a little bit of concern because higher rates, especially when they move very fast, often cause a headache for equities.

I just want to show you the VX that has kind of rallied into prior resistance right here, but it, it's not going any higher, higher VX means lower equities, but it's contained for now.

And check out the sector action.

It's kind of the mirror image of what we've seen before.

Tech and energy swapping spots.

One of them is a leader, one of them, the lager and today financials are actually now the leader.

Tech is taking the third seat or fourth seat, but energy is definitely moving to the downside and that is on the biggest decline in crude oil that we've seen in four weeks.

So here's our commodities heat map.

You're going to see a lot of red there, Cocoa in the upper left, that's up 3.7%.

But down here, we have oil down about almost 3%.

When you take it into consideration.

I'm going to show you a three month chart with some candlesticks here.

The monster rally that we've had over the prior two weeks.

It's not the biggest deal, but I do look at strong rejections like that.

So maybe the energy rally needs to pause for a little bit.

The analysis of China is really interesting here.

I'm just going to show that real quickly again because you see the sea of red here, let me show you on a one month basis.

These stocks are still sitting on a lot of highs.

But coming back after a holiday, a lot of people thought that we would see more upside action.

And instead we're seeing this got it close with Bitcoin here and crypto.

I was looking at master strategy and let's see if I can find MST R, it just broke out of a range and now it is at the highest level that we've seen in a while.

Here's a year to date chart and you can see there are those all time highs.

So micro strategy has been a leader in the past and we'll see if we can do it again.

Jared.

Thanks so much.

Really appreciate it.

A lot of things to track, especially as we begin.

This is a new trading session.

Yahoo Finance's own, Jared VRE.