Stocks open higher, look to gain momentum in early Q2 start

Stock market indexes (^DJI, ^IXIC, ^GSPC) are letting some sunshine in Thursday morning, opening higher as investors hope the major averages can snap their losing streak in the first week of 2024's second quarter.

 

 
  • ^GSPC
    +1.11%
  • ^IXIC
    +1.24%
  • ^DJI
    +0.80%
 
Stocks open higher, look to gain momentum in early Q2 start
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Stock market indexes (^DJI^IXIC^GSPC) are letting some sunshine in Thursday morning, opening higher as investors hope the major averages can snap their losing streak in the first week of 2024's second quarter. Morning Brief anchors Brad Smith and Seana Smith examine the market open and this morning's sector gains.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

 

Editor's note: This article was written by Luke Carberry Mogan.

Video Transcript

- Bing bong. All right, that's the opening bell on Wall Street and in Midtown, Manhattan at the NASDAQ where they're getting cloudy with it. Five9 ringing the opening bell there. Ooh, Barbiecore is still in vogue, I guess, here DXYZ. is the ticker symbol that's ringing the opening bell at the New York Stock Exchange. Ooh, funfetti. I never get tired of it. All right.

- Brad, let's take a look at-- Barbiecore is always in vogue.

- Is it?

- [INAUDIBLE]. Yeah. Well, these days it is. All right, let's take a look at where things are opening here because we are seeing a move here. It looks like on track to open to the upside with the NASDAQ opening up, just about 2/10 of a percent. Taking a look at that four-day chart though. The moves that we have seen since the start of the week. We certainly did decline Monday and Tuesday. A bit of a rebound yesterday, at least on an intraday basis here. We're opening to the upside.

You've got the S&P also regaining some of the momentum that it lost earlier this week, up just nearly 1% here at the open. And rounding it out with the Dow, that movement to the upside here at the open, up just about 250 points. So again, a huge move to the upside and four-day basis though, still in negative territory.

Also, let's take a look at some of the movement that we're seeing sector wise and still a bit-- oh, look at that, all green on the screen here this morning. We were just right around the flat line with energy earlier, but we have energy up just about 3/10 of a percent, real estate and technology leading the way there, Brad.


Arlene Sandy

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