Stocks mixed, Treasury yields down, Snap stock plummets

Yahoo Finance’s Ines Ferre joins the Live show to break down how stocks are moving in early trading.

Video Transcript

- Let's get over to Ines Ferre at the YFi Interactive. Ines?

INES FERRE: Yeah guys, and just taking a look at the markets right now, we're watching the NASDAQ that is the weakest out of the major averages, but for the week, the NASDAQ actually is on pace for its biggest gains among the major averages for this week. Taking a look at the 10-year Treasury, that is going lower and lower with the yield coming down 18 basis points to 2.73. Also looking at the sector action, we are watching utilities, that's in the green.

But you've got communication services that's in the red, leading to the downside, as Sozzi was mentioning, those snap earnings. In fact, I'm just going to pull up the social media chart so you can see the large amount of red that we're seeing here with snap trading at levels it hasn't seen since April of 2020. By the way, their results have prompted 12 analyst downgrades. You still have, though, 20 buy ratings, 19 hold and 2 sell.

Looking over at the Dow, we are watching two standouts on the Dow right now. And that being American Express, up more than 3.5% after its results. That's a three year chart, by the way. Let me just pull up the intraday. And then you've got Verizon, down more than 5% after its results, guys.

- Yahoo Finance's own Ines Ferre. Ines, thanks for breaking that down.