Stock Market About to Open
Live Blog Update #3 Published
← Back to Full Coverage: Live Stock Market Updates: Nasdaq Composite Opens Up 4%
The stock market is about to open for the day and shortly before the open the Nasdaq is pointing to a 3.9% open. The S&P 500 is up 3% while the Dow Jones is up 2.6%.
All Updates from Live Coverage
Markets remain up today with the Nasdaq up 3.5% as of 11:30 a.m. ET.
Yet, gains are uniform across the board. For example, both the Utilities and Consumer Staples sectors are down today. Investors are switching out of ‘safe havens’ and back into more ‘risky’ sectors relying on growth expectations.
Along those lines, the top two performing sectors are consumer discretionary (up 4.35%) and technology (up 3.69%).
While markets will see big gains on Monday following the announcement of an initial trade deal with China, not all industries are in the green on Monday morning.
Healthcare stocks are down across the board after Trump vowed to cut the price of prescription drugs. Eli Lilly (NYSE: LLY) is down 3.4% while Johnson & Johnson (NYSE JNJ) shares are down 2.75% in pre-market trading.
What stocks are up the most in pre-market trading? Let’s look at some of the biggest names:
- Apple (Nasdaq: AAPL): Up 6.37%
- NVIDIA (Nasdaq: NVDA): Up 4.75%
- Tesla (Nasdaq: TSLA): Up 7.81%
- Amazon (Nasdaq: AMZN): Up 7.57%
- Meta (Nasdaq: META): Up 5.66%
Among non-Magnificent 7 stocks.
- Nike (NYSE: NKE): Up 6.07%
- Starbucks (Nasdaq: SBUX): Up 4.36%
- Boeing (NYSE: BA): Up 2.92%
Eric Bleeker has been investing for more than 20 years. He began his career working at Microsoft before joining Motley Fool, one of the largest publishers of financial research. In his 15 years at Motley Fool Eric served as the General Manager for Fool.com and led coverage in the Technology & Telecom sector. In addition, he was a featured columnist and has hosted dozens of investing seminars attended by more than a million total investors. Eric has more than 1,000 financial bylines to his name and has been featured in The Wall Street Journal, CNBC, Fox Business, and many other leading publications. He is currently focused on artificial intelligence investing and is a CFA Charterholoder.