Yahoo Finance Ines Ferre joins the Live show to break down how stocks are moving as concerns of higher rates linger.
BRAD SMITH: Welcome back to Yahoo Finance. We are taking a look at the major averages here this morning where we started off negative out at the opening cross, but ultimately right now we are higher, at least at 9:38 AM. Dow, S&P 500, and the NASDAQ all in positive territory.
Let’s get on over to Yahoo Finance’s own Ines Ferré with more on today’s early activity. Ines.
INES FERRÉ: Yeah, that’s right, Brad. And just taking a look right now at where we’re at with the sectors, consumer discretionary, energy stocks, those are seeing a little bit of gains. The Dow we are watching. Microsoft up more than 1%. You’ve got Boeing that’s down more than 1%. Boeing was downgraded at Morgan Stanley.
Also looking at the NASDAQ 100. Amazon and Tesla are higher.
We have been watching the semiconductors. You were just mentioning before the break Taiwan Semiconductor and its revenue, which came in as a miss for its latest quarter. You know, we have seen this story over and over again with the semiconductors, with the chipmakers talking about a global slowdown with the price of chips that are falling, with businesses and consumers that are pulling back on electronics. You had a big pull forward during the pandemic. And so now we are seeing a bit of a slowdown when it comes to the chipmakers.
I’m going to pull up a one-year chart so you can see the chips charts for a one-year chart. But today we are seeing little bit of a bump for some of these chipmakers, guys.