Stocks surge at open, Nasdaq solidly in the green

Yahoo Finance Live’s Brad Smith breaks down how stocks are trading following the opening bell.

Video transcript

[AUDIO LOGO]

JULIE HYMAN: [LAUGHS] Here's the opening bell on this Tuesday morning.

[WALL STREET BELL RINGING]

Franklin Templeton there ringing the opening bell, marking 75 years. CEO Jimmy Johnson there ringing that opening bell here.

BRIAN SOZZI: Wow, 75 years. That's cool.

JULIE HYMAN: Yeah.

BRIAN SOZZI: Wow.

BRAD SMITH: Where were you when?

BRIAN SOZZI: I mean, I wasn't a thought.

JULIE HYMAN: [LAUGHS] You were not a thought. It's true.

BRIAN SOZZI: Take that for what it is.

JULIE HYMAN: That's right.

[LAUGHTER]

So we've got this opening bell here this morning. And I'm looking at a rebound in stocks potentially today. And it feels like, you know, you got some good vibes on the inflation front.

BRIAN SOZZI: Futures are up. Feeling the vibes.

JULIE HYMAN: Feeling the vibes. All right, what kind of vibes are we feeling if we look on over to the YFi Interactive here this morning, with this higher open?

BRAD SMITH: Great vibes over here at the YFi Interactive. Let me show you something here. Over the past two days, we're net positive by about a quarter of percent. But it's all about today right now. We're up by about 310 points out of the gate. For the Dow Jones Industrial Average, it's up by about 9/10 of percent there.

The NASDAQ Composite, positive vibes there, too. It's up out of the gate by about, my goodness, 2.4%. Don't adjust your television screens or your cell phones that you're watching this on. We are up by about 273 points on the NASDAQ Composite early in today's activity.

And then additionally, the S&P 500, that, too, zooming to the upside. Zooma, zooma, zoom, as Xenon would say. It's up by about 1 and 1/2% right now. Let's take a look at some of the heat map activity that we've been tracking as well. And I've got to look at EVs here but I'll get back to that in a hot second.

I just want to take a look at the NASDAQ 100 out of the gate here today and just get a good look. We only have what seems to be one laggard right now early in today's trading activity. Mega-cap tech stocks all moving in concert higher. And as we're taking a look at some of the sectors as well, you're seeing green on the screen across the board. So the vibes, they're high and in high demand over here.

BRIAN SOZZI: I would say some hyper vos-- oscillation, is that what you say, Brad? Is It hyper oscillation?

BRAD SMITH: Hyper oscillation? Well, let's see if we can find some hyper oscillation for you. I don't-- I don't think we can [INAUDIBLE]

BRIAN SOZZI: You can probably find that in Walmart's advertising business.

BRAD SMITH: Hey.

BRIAN SOZZI: Hey, there we go.