Yahoo Finance’s markets reporter Ines Ferre joins the Live Show to discuss JPMorgan’s rise in stock after acquiring First Republic Bank and how other stocks are trading.
Video Transcript
SEANA SMITH: Under two minutes until the closing bell on Wall Street. [? Aness ?] [? V ?] with a closer look at some of today’s movers. Hey, [? Aness. ?]
– Hey, Seana, yeah, and we lost some of that buying that we had earlier today. Take a look at the Dow right now. It’s down about 1/10 of a percent, down about just 31 points, but you can see that earlier, it had opened today in the green, lost some steam along the way. Same situation a little bit with the NASDAQ, and then the S&P 500 just hugging the flat line right now.
Taking a look at our sectors, we have been seeing energy stocks, which have been underperforming throughout the session, as well as consumer discretionary, real estate. We do, though, see that you’ve got health care, industrials, utilities in the green. Over on the Dow, while JPMorgan up more than 2%, the best performer on the Dow today after acquiring First Republic, also, taking a look at the NASDAQ 100. We’ve been watching Amazon down more than 3%.
I had mentioned consumer discretionary was one of the lagging sectors. Amazon is within that consumer discretionary sector. We have been watching, though, Nvidia up more than 4%, and just taking a look at where we’re at with those bank stocks I had mentioned earlier, JP Morgan, Wells Fargo up more than 1.5%. But you do see pressure on some of the other bank stocks, and on the regional banks, quite a bit of pressure on the regional banks as well.
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