Stocks close higher, small-caps abuzz on renewed meme trade

Stock market indexes (^DJI, ^IXIC, ^GSPC) close higher across the board, the Dow Jones Industrial Average bouncing back since snapping its win streak in yesterday's session. Wall Street awaits the April Consumer Price Index (CPI) reading due out Wednesday morning.

Market Domination Host Julie Hyman reviews the day's market performance, while Yahoo Finance Senior Markets Reporter Jared Blikre looks into the day's sector winners.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Luke Carberry Mogan.

Video Transcript

And that's the closing bell on Wall Street.

And now it's market domination.

Over time, we are joined by Jared to get you up to speed on the action from today's session sponsored by tasty trade.

I'm going to start with where the major averages ended up and up is probably the operative word here because we see the highs of the session for the Dow up about 126 points about a third of 1% here but really ticking up in the last hour or so of trading for the S and P 500.

Similar, although a little bit less dramatic leg up there, up about a half of 1% the NASDAQ up about three quarters of 1%.

As we've been discussing today, there's been real out performance with the Russell 2000 as well, perhaps helped in part by this sort of resurgence of the meme.

Trade may be part of what is going on there, and we're also looking at what's going on in the bond market a little bit of relief on yields, also not hurting matters.

Jared, what are you seeing?

Well, I'm seeing broad based strength and tech come to the Wi Fi Interactive, I will show you the sector results for today.

Tech closing the day up about 89 basis points, or 9/10 of a percent.

Only two sectors in the red industrials and Staples and, uh, not far in the red.

The other winners here that are outperforming today are real estate and financials, both interest rate sensitive.

So that's a theme we've been tracking as well.

Now here's our leader board, an interesting mix of leaders.

We have X RT That's a retail ETF up almost 3% of upper left, followed by cannabis solar stocks.

Then you get ARC.

So unprofitable tech, then chip stocks and IPO regional banks, etcetera.

To the downside, Bitcoin was the biggest loser, down 2.5%.

Also, Chinese stocks.

Taking a little bit of a stumble and not a whole lot moving, I thought we'd take a look at Chinese stocks real quick.

That's one of the few red boards you're going to see today.

But if you want to see some green, let's take a look.

A final look at this meme stock board some green, not as much green, perhaps or not as big, uh, gains as to the two day total.

Then we're gonna see some bigger gains.

Perhaps, at least for some of these guys.

Thanks a lot, Jared.

Appreciate it.