Yahoo Finance Live discusses the top stock market movers of the day as investors react to the proposed debt ceiling agreement.
- All right, let's get to Yahoo Finance's Jared Blikre now at the WIFI interactive for today's top movers. Hey, Jared.
JARED BLIKRE: Hey there. Well, we just saw Europe close a few minutes ago, so let's take account of that. Frankfurt, the DAX down about one third of a percent. In Paris, the CAC 40 down 1 and 1/2 percent. And in London, the FTSE down pretty similar amount there. In the US, guess what? This is par for the course for 2023. The Dow is in the red, the NASDAQ is in the green, and that has been the story.
And let's check a look-- take a look inside the market here at the sector action. You can see a split board. Tech, XLK, that is by far and away the leader. That's up 1.2% followed by real estate, communication services, and consumer discretionary. To the downside, energy, the value-- whether you want to call it value or defensive-- that has taken the biggest hit down 1 and 1/2 percent. Concerns over OPEC maybe not cutting production over the next month. We'll find out over the coming days. But then staples, materials, health care, financials, industrials rounding out the bottom.
And let's just take a look at some of our leaders in our sentiment indicators. At the top, guess what? BITO, that is from last Friday. We're seeing some decent gains in crypto. KWEB, the Chinese internet, that is down 3 and 1/2 percent. And let's take a quick look at-- excuse me, that's Oracle. Let's take a quick look inside China. And we can see China has become its own animal this year. Has not for the most part participated in a lot of the up run in the semiconductors and software.
But here is the semiconductor situation right here in the US. Nvidia up to $1 trillion. We've been talking about that. Another 5%. ABGO Broadcom up 6%. And you can see not an entirely green board, but that just goes to show you there are winners in AI and there are losers in AI. And right now, only the perceived winners are getting that money flow. Here's software. A little bit less green, although Snowflake is up about 5%. That is a notable standout. And I'll just leave you on some meme stocks here. Kind of a split board but interesting to see GameStock and Palantir creeping up there, guys.
- And I see Coinbase, they're trying to make a move as well based off that. Thank you for that update. Jared Blikre there for us.