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Tesla stock dips, GameStop stock falls, DiDi stock rebounds

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Yahoo Finance’s Ines Ferre joins the Live show to break down how stocks are moving in early trading.

Video transcript

JARED BLIKRE: Now let's get to Yahoo Finance's Ines Ferre over at the YFi Interactive where I usually stand. Looking great over there. What are we looking at today, Ines?

INES FERRE: Well, Jared, you had mentioned the markets earlier with the NASDAQ up more than 1% right now, and I want to show you-- excuse me, the Dow up more than 1%. I want to show you the outperformers being JPMorgan. We've got financials and energy which are up right now. But the NASDAQ, even though it's up-- it's up slightly and mainly because Amazon is dragging on it. Tesla also down more than 2%. Out of the sectors, consumer discretionary is the one that is lagging right now, and that includes Amazon and also Tesla.

I also want to talk about a little bit retail because I know that last week we watched the retail space really losing a lot of steam, and right now we're looking at a little bit of a mixed picture for retail. So we've got Walmart that's up more than 1%. You've got Shopify that's down more than 5%. Wayfair, GPS is down as well.

I also want to mention what's happening with the meme stocks because we did hear about the GME news, GameStop news about its digital wallet. GameStop right now down more than 3%. You'd expect it to be up with that news, but it did open in the green, and it's now lower.

And finally just mentioning what's happening with the Chinese ADRs because, Jared, I know that you had mentioned earlier Didi up more than 3%. Some analysts are now talking about this being really sort of a relief rally because Didi had to delist and get that approval from shareholders in order to clear up any regulatory issues in China and then be able to, perhaps in the future, do some listing in Hong Kong. But so it does seem like it's a bit of a relief rally.

JULIE HYMAN: Looks that way even though it's a modest one.

INES FERRE: Yes.

JULIE HYMAN: Considering how much the stock has been down, right?

INES FERRE: It's down more than 90%. I mean, investors lost their shirt with this one.

JULIE HYMAN: Yeah. So just a little-- a little baby bounce in comparison. Ines, thank you so much.

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