All three of the US market averages (^DJI, ^IXIC, ^GSPC) open Monday’s session and the third trading week of July in positive territory. The Morning Brief’s Brad Smith and Madison Mills eye the movements in market indexes this morning, including that of the small-cap Russell 2000 (^RUT) index.
For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.
This post was written by Luke Carberry Mogan.
Video Transcript
All right there.
You’re taking a live look at the opening bell on Wall Street.
We’ve got some fun fetti at the NASDAQ Whole Foods or whole paycheck as they’re known in Brooklyn.
Uh They’re ringing the opening bell there.
Great assortment, a lot of food.
A lot of other things too.
Hey, you’ve also got Ben Creek uh BC us ringing the opening bell at the nyse.
All right.
A lot of great folks on both sides there kicking off today’s trading activity and there you’re taking a look at the S and P 500 as of right now.
We’ll just talk this back over recalibrate that the S and P 500 holding on to gains or starting off today with gains of about half a percent, seven tens of a percent for the Dow Jones industrial average and the NASDAQ composite starting off the day in positive territory too.
Should we take a quick look at?
Oh, yeah, you got the Russell.
Well, I was gonna pull up the Russell just because it’s interesting.
We, we’re starting to see a little bit of this rotation narrative starting to pull out.
Thank you, Brad.
As you can see uh the Russell really getting a lift over the past week here.
That’s what that big old line is.
And that’s interesting.
Given this question mark we’ve had about whether or not this earning cycle is going to lead to a little bit of rotation.
You can see that continuing as the market opens right now.
