Stocks climb higher as investors await CPI data, bank earnings
Yahoo Finance Live’s Brad Smith breaks down how stocks are moving after the opening bell.
[WALL STREET BELL RINGING]
JULIE HYMAN: Here he is the opening bell on this Monday morning. A lot of ladies up on there on podium this morning, which you love to see.
I think it's all ladies up there on the podium, which is great stuff. So we've got the opening bell this morning, again, ahead of this busy week. And after the first winning week for stocks that we have seen since November. So a little bit more of an upswing, despite the perhaps pessimism that we are hearing from investors for this year. All three major averages, right now, opening up, Brad.
BRAD SMITH: Yeah, they are. All right, we're in the green. Dow Jones Industrial Average off into the races to the tune of about a quarter of a percent. So it's higher here in the early moments of trade by about 90ish points.
NASDAQ Composite, you're seeing that add onto gains from last week. Over the past five days, we're net higher by about 1.9%. NASDAQ Composite up 9/10 of a percent of the gate this morning.
And then, additionally, the S&P 500, you're seeing gains there to the tune of about half a percent. Nearly 2% over the past five days here.
Let's also check in on some of the S&P 500 sectors, 11 sectors. We've got most of them in the green here to start off the day. Were led, ooh, by consumer discretionary as of right now. That's up. Let's populate this chart for you. We'll give you a five-day view. Why not. We're up by about 3 and 1/2%, 3.6% over the past five days. But here, today, out of the gate, higher and leading the charge by about 1.3%. You've got energy and technology also following suit there.
But then one of the major laggards that we're seeing here on the day, we're seeing consumer staples. That's actually down by about 2/10 of a percent. You've also got utilities helping pull up the caboose here. So we'll continue to keep a close eye on that.
Also did want to take a look at some of the pharmacy benefits managers as well because we've seen a little bit of an executive changeover that's taking place at Rite Aid. Let me see if we can get them up on the screen here. All right, I'm not seeing them on this one. However, we've got a good look at CVS here, as well, this morning. And that's down by about 7/10 of a percent.
That Rite Aid changeover, that I mentioned, coming at the top. There's gonna be a new interim CEO goes by the nickname "Busy." So hopefully Rite Aid getting busy with the new CEO in the best way. And, you know, ultimately-- yeah. yeah?
BRIAN SOZZI: Hi, my nickname is Brian "Hyperactive" Sozzi. Julie, you got-- what you want to create one on the fly for you? No? OK.
BRAD SMITH: I put mine in Slack already.
BRIAN SOZZI: All right. [LAUGHS]
BRAD SMITH: Brad "A La Mode" Smith.
BRIAN SOZZI: [LAUGHS]
JULIE HYMAN: Oh, that's what that was in response to.
BRIAN SOZZI: [LAUGHS]