Well, in the Dow today you can add almost 600 points. That’s 588 to 36,067.65. That’s a 1.3% gain. The Nasdaq rose one percentage point more than that, almost 500 points, or 2.21%. and the S&P 500 rose about 1.5 percent.
00:17 Jared
And by the way, this is the best day for the S&P, Nasdaq, tech stocks, and chip stocks since May. And that’s coming off the worst day we’ve seen, which would be Friday since April.
00:27 Jared
So what a change here! And in sector action, the only thing we see in the red are commodities and healthcare. And then, leading the pack, we have technology, which is up almost 2.5%, followed by consumer discretionary. Tesla’s big move today. Then the materials, all three had superior performance. and let’s jump to the Nasdaq 100 to see some of that outsized performance. Nvidia was up almost 3%, Alphabet more than three, and Broadcom was up almost 10% on the announcement of that deal. Tesla rose 5%.
00:52 Jared
And if you take a look inside the chip stocks, you can see a lot of dark green there. And some of the leaders here, besides Broadcom, are up even more, up 11% year to date. and don’t rule out the Taiwanese Semi. That was an increase of 8%. Just taking a brief look at the software. We see Oracle up 5%, Crowdstrike and now over 3% along with Data Dog. But let’s look at China. and we saw a lot of action there. Baba rose again by 5%.
01:13 Jared
JD right behind that, Baidu was up 3%. The list goes on. And I’ll leave you with a look at the Dow Jones, where we got a little bit into the red, some of those healthcare and commodity stocks into the red. But for the most part, we’re seeing, look at this. JP Morgan up 2% ahead of earnings tomorrow morning. So, we’ll keep an eye on that. and I’ll send it back to you, Josh.
01:31 Josh
Very good, thanks, Jared.