Stocks open higher, Dow and utilities sector rally further

The market averages (^DJI, ^IXIC, ^GSPC) open Friday's session higher as all three of the US indexes seek to close the week out in the green. The Dow Jones Industrial Average is roaring to continue its rally to an eight day win streak.

Yahoo Finance Senior Markets Reporter Jared Blikre joins Morning Brief Anchors Seana Smith and Brad Smith in their analysis of sector leaders, including gains seen in utilities (XLU).

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

We're taking a look at the bell ringers at the NYSC and the NASDAQ.

You got ziker at the NYSC and at the NASDAQ.

You got man a doctor.

All right, A lot of fun fetti claps a cheer And, uh, is that a squish mellow of a cat?

I don't know.

We're gonna see and explore that a little bit more, but take a simple MNDR ringing the opening bell there.

Let's do a check of the markets sponsored by tasty trade.

No squash.

Mellow cats there, uh, all taking a look at utilities once again leading the pack.

We did a deep dive on utilities this week here, so you can go back, check out that video on the yo finance platform, But take a look at the year to date.

We'll give you a, uh, uh, brief version of what we were seeing and talking about during that chat.

13% higher year to date utilities more green than negative.

That's a good thing for us here on this Friday.

However, one of the other names that we talked about in that chat in utilities and tangent, uh, was staples.

However, that's moving to the downside, right?

now out of the gate, giving back some of those racing gains that we've seen over the last couple of weeks.

All right, let's get back.

Let's get over to Jared Blicker, who's standing by here with a closer look at some of those movers here at the open.

Jared!

Thank you, Shana.

And let me just stick with sectors here.

But I'm going to show you what's happened this week.

So this is, uh, five days.

We have utilities.

Surprise, surprise, that is in the number one spot.

That's up almost 5%.

By the way, this is the best week for utilities of 2024.

That's in the upper.

Also for materials.

That's XL B also for financials.

And we're not seeing Yes, we're seeing that in the number two position today.

So the three leaders for the week just had one of their best weeks of the year, and we're seeing everything in the green for the week.

So just tacking on gains there S and P 500 Dow are now within spitting distance of their record.

Highs in the Dow has been green every single day this month, every single trade, so we'll have to see what comes of that here.

Here are our leaders for the week and we can see oil is in the number one spot that small, small oil producers.

That's up 3.2%.

Then we have momentum up 3% socks.

At the chip stocks, those are up 2.3%.

So the list goes on.

The worst position here was arc, and let's take a look at that real quickly.

We can see unprofitable.

Tech has been a little bit unprofitable this week.

Roadblocks down 21%.

That was an earnings story, and I want to leave you with the miners here.

I've been tracking gold and copper miners.

These guys have been on fire.

We see gold GOLD that take her up 4.7% this week.

SLV.

That's a silver ETF.

That's up 7%.

So all in all, we're seeing the miners just kind of in concert with some of these precious metals and not so precious metals.

Just surge to, uh, records or near records.