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Stocks open higher, Dow and utilities continue to rise

Market averages (^DJI, ^IXIC, ^GSPC) open Friday’s session higher as all three U.S. indices look to end the week in the green. The Dow Jones Industrial Average continues its eight-day upward streak.

Yahoo Finance senior markets reporter Jared Blikre joins Morning Brief Anchors Seana Smith and Brad Smith to analyze sector leaders, including gains seen in the utilities (XLU) sector.

For more expert insights and the latest market action, click here to watch the full Morning Brief episode.

This post was written by Luke Carberry Mogan.

Video transcription

We look at bell ringers on the New York Stock Exchange and the NASDAQ.

Ziker can be found in New York and on NASDAQ.

You have a man, a doctor.

Okay, great fun, fetti claps and cheers. And, uh, is it a soft, feline flavor?

I don’t know.

We’ll see and explore this a little more, but let’s take a simple MNDR calling there.

Let’s check out the markets sponsored by tasty trading.

No squash.

The gentle cats, uh, all eyes on utilities, lead the pack once again.

We’ve covered utilities in detail this week, so you can go back and watch that video on yo Finance, but look at this year.

We’ll give you a quick version of what we saw and talked about during this call.

13% higher since the beginning of the year Media more green than negative.

Good for us here this Friday.

However, one of the other names we talked about in this chat in tools and tangent was a staple.

This is going downhill though, isn’t it?

now out of the gate, giving back some of the profits from the racing we’ve seen over the last few weeks.

All right, let’s go back.

Let’s move on to Jared Blicker, who’s standing here taking a closer look at some of these open field players.

Jared!

Thank you, Shana.

And let me stick with sectors here.

But let me show you what happened this week.

So that’s, uh, five days.

We have the media.

Surprise, surprise, that is, in the first place.

This is an increase of almost 5%.

By the way, this is the best week for media in 2024.

It’s upstairs.

Also for the materials.

It’s XL B also in terms of finances.

And we don’t see Yes, we see it second today.

So, the three leaders of the week just had one of their best weeks of the year and all indications are that this week will be an optimistic one.

So we just continue to make gains. The Dow’s S and P 500 are now within striking distance of their record highs.

The Dow high has been in the green every day this month on every trade, so we’ll have to see what comes of it.

Here are our leaders for this week and we see that crude oil is number one among small small oil producers.

This is an increase of 3.2%.

Then we have a growth in socks of 3%.

Chip stocks rose 2.3%.

So the list goes on.

The worst position here was the bow, but let’s look at that real quick.

We see it as unprofitable.

Technology has been a bit underwhelming this week.

Roadblocks decreased by 21%.

This was a story about earnings and I want to leave you with the miners.

I tracked gold and copper miners.

These guys burst into flames.

We see gold GOLD, which will increase it by 4.7% this week.

SLV.

It’s a silver ETF.

This is an increase of 7%.

In summary, we see that miners simply interact with some precious and less precious metals.

Just keep racing towards, uh, records or near records.