Yahoo Finance’s Jared Blikre looks at how markets fared this week, with stocks holding on to their gains and communications and semiconductor stocks leading the way.
SEANA SMITH: 90 seconds here to the closing bell. Let’s bring in Jared Blikre for a closer look, as we wrap up the trading week. Jared.
JARED BLIKRE: A closer look, indeed. Let’s take a look at these gains over the trailing four days in this holiday shortened week. Dow posting gains of almost 400 today, up 2.7% over the last four days. Let’s check out that leader. That is the NASDAQ, posting gains of over four days this week. And Russell 2000 right there with it.
And let’s check out the sector action. This is going to be today. We can see communication services in the lead, followed by energy, tech, consumer discretionary, materials. So interesting amalgamation of sectors up here. A lot of the mega caps in the green, as well as some of those value sectors, and that’s as we see the dollar retreat finally today, after giving markets a little bit of pressure throughout the rest of the week.
Nevertheless, we’re looking at big gains for Tesla. That is up over 3 and 1/2%. Microsoft, Alphabet, Amazon each up 2%. I want to show you the four-day gains because we’ve got some outsized gains by Tesla. That is up almost 11%.
Also looking at some of the semiconductors, those came back rather nicely, seeing some gains of 5 and 1/2% for NVIDIA. Broadcom up 4%. Texas Instruments, some of the more legacy carriers or legacy chip stocks, those are up nicely. And as we head into the closing bell, I’m going to give you a shot of the travel sector for the week. Guess what? Southwest Airlines up 4 and 1/2%.