00:00 Speaker A
There's the closing bell on Wall Street, and now it's market domination overtime. Jared Blickre's going to be along in a moment to help give us the details from today's session. I'm going to start with the major averages, which ended in the green here. The Dow had a bit of a rocky start, but really we saw stocks take off once we got the job opening and labor turnover survey jolts, as we like to call it, which showed a higher number of openings than had been anticipated. Now, as we know, there's been a lot of concern in the market and questions about when we were are going to start to see the tariffs have an effect on economic data. We talked to Joe Bruce Wallace of RSM earlier, the economist there, and he said we're not going to start to see perhaps the effect from tariffs on prices, say, perhaps until July and start to look for job effect sometime around then as well. So, all of this is seeming reassuring to the market. The Dow gaining 214 points here, a little better than a half a percent, the S&P 500 up about the same amount, and the Nasdaq leading gains today finishing just off the highs up 9/10 of 1%. Jared's got a closer look at today's action. Hey, Jared.
01:41 Jared
Thank you, Julie. I believe that's lucky number four of four days in a row for the Dow. There you go. And it's been a kind of a rocky road here. Just want to show you the Nasdaq real quickly. Here's a two-month view. We've been trading sideways, and we are just barely breaking out of this range today. It's more pronounced in certain markets, and you can see that in Nvidia. We'll see if we have time for that in a second. XLK, that's the tech sector. By the way, XLK is leading today, has led. That was up 1.5%, and then energy in second place up about 1.15%. Then you got materials and industrials after that. Real estate, communication services, and staples, those were the three underdogs, those in the red today. But let me just show you what's going on with tech here. Here's another two-month chart. There are the candlesticks. And again, you got to you kind of got to squint here, but we have broken to the upside. And if we take a look at the Nasdaq, we can see some outperformance by Nvidia. Look at that. It's in the upper left. So, that means it is the biggest stock in the known world here. $3.444 trillion worth for Nvidia. And let's just see what that looks like. That is broken to the upside as well. So, Nvidia leading a bunch of markets higher. I'm going to put the percentages back on here. You can see Amazon, Alphabet, Meta took a tumble today. Broadcom just got notched a new record. That was its first record in some time here on a closing basis, I believe. And that's a one-year chart, and it's kind of uh looks like a V bottom there along with the rest of the market. So, score another one for Broadcom. Take a quick look at the Dow, and we can see a little bit of red smatter throughout there. We got some staples down, but for the most part, a risk on day and some promising breakouts, Josh.
