Yahoo Finance Live’s Brad Smith breaks down how stocks are moving following the opening bell on Monday.
JULIE HYMAN: Brad, what are we seeing on the more granular level here?
BRAD SMITH: Well, let's take a look at starting off with the Dow Jones Industrial Average, kind of setting up where we are over the course of the past five days and coming into this week. So the down net-net, or the downward movement over the past five days, by about 9/10 of a percent. But out of the gate here this morning, still looking pretty good. It's up by about 2/10 of a percent.
NASDAQ Composite you mentioned. Flat. Just barely to the downside over the past five days. Still net higher by about 1/10 of a percent.
And let's just get on over to the heat map for the S&P 500 as well here. We'll take a look at the sector activity first, and that will give us, actually, where the S&P 500 is sitting out of the gate this morning. Right now, flat. Just barely to the upside.
But taking a look at the 11 S&P 500 sectors, energy far and away leading the charge right now. It's up by about 1.8% here on the day. And so bringing up the caboose here. You're seeing on the other side, XLRE-- real estate. That is down by about 6/10 of a percent. You've also got staples.
That's lower by about half a percent right now. Take a look at some of the major megacap tech stocks, and how they're starting off today in the week, this day, this Monday-- Apple, AAPL. You're seeing that down by about 6/10 of a percent. Kind of the similar fractional moves lower for Amazon and Microsoft there as well. Nvidia, too, down by about 6/10 of a percent.
We've gotten through many of the mega-cap tech stocks, at least for the FAANG, or the kind of [? GAMMA ?] names, if you will-- however you're kind of acronymizing them. It's a word somewhere. At the end of the day, we've gotten through that. And later on in this earnings season, we'll get back into some of the retailers. So that coming in just a few weeks from now, too.
JULIE HYMAN: Yeah and we've had all-- of course, all the bank action that we've been watching, too, with the regionals. We'll see where that's going to go from here. But Pac West had been bouncing quite a bit on Friday, and then that bounce was continuing today. Oh. And it's continuing again, up to 30%. Western alliance up 12%.
So we're going to be watching that closely, as we just talked about with [? Deepak. ?] Maybe it's done. Maybe it's not. We don't want to necessarily judge too quickly, because it felt like it was.
BRAD SMITH: My crystal ball is in the shop, so--
JULIE HYMAN: Yeah. And then market said it wasn't.