Stocks open in the green, Dow hopeful to claw back losses

Stocks (^DJI, ^IXIC, ^GSPC) edge higher at Friday's open, hoping to reclaim slight losses ahead of the long Memorial Day Weekend.

Yahoo Finance Senior Markets Reporter Jared Blikre joins the Morning Brief to examine the market direction and this morning's across-the-board sector gains.

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

Well, here's the market's activity.

Out of the gate this morning, we're seeing green across the screen.

Oh, man, that's good.

All right.

Dow Jones Industrial average.

That's up by about 1/10 of a percent.

S and P 500 up 3/10 of a percent.

And the NASDAQ rounding out the hat trick.

We're up by about 3/10 of a percent there.

You're seeing a bit of a rebound from yesterday's sell off.

A lot of that you had the Dow suffering its worst day that we had seen in just over a year.

A lot of that was because of that drop that we saw in Boeing, which shares closing off just about 7.5% here at the Open.

Boeing is opening just slightly to the upside here.

So again, a couple of key names to keep in mind throughout today's trading day.

But Jared B, lucky, has a closer look at what is moving here at the open and standing by with that.

Jared.

That's right, Sean.

I'm looking at the Wi Fi Interactive.

We have the S and P 500 all five days.

You can see a slight decline for the week.

If you take a look at the Dow, it's more pronounced down 2% and the NASDAQ actually up two thirds of a percent.

So a mix board for the week I did want to focus for a minute on yesterday's candle.

Now, if you look at candlesticks, that's just a way of charting the day's price action.

But that big red candle right there that could have some ominous implications.

There's a lot of focus on Twitter about it.

Some people calling it a bearish engulfing.

Is it that, uh, candle, uh, that's a technical matter.

But suffice to say that we've seen these before.

Sometimes these candles do precipitate a decline.

And so that's what people are looking at.

Also want to show the VX, which is perking up here?

Uh, the Vicks, I think, opened yesterday at a at the low of the year.

I'm gonna show you a year to date.

There we go, low of the year, and then it climbed throughout the day.

Sometimes that kick off a rally in, uh, in the vics that lasts a few days.

So we'll have to see, uh, if that confirms the equities weakness that we saw yesterday.

And also I do wanna hit on Eli Lilly real quickly because we got some news out of the Wall Street Journal.

Uh, let me just get to that Eli Lilly is gonna spend 5.3 billion to make more Monro and zip bound.

And this is to boost their Manu act in capacity for its hot selling anti obesity drug, Z Bo and its diabetes drug Monja.

This is AWS J.

This is a Wall Street Journal scoop.

So we will be following that and you're looking at the sector action here.

You can see everything in the green for the week and let's see if we can get an Eli Lilly quote.

Uh, here's our Rx screen and well, look at that.

It is exactly flat.

So there you go, guys.