Market sentiment turned optimistic on Tuesday as falling oil prices and Treasury yields lifted risk appetite, helping investors shake off concerns over geopolitical tensions involving the US-Iran and US-Canada relations. The following is a snapshot of the morning trading session, with data visualization provided by Yahoo Finance's AlphaSpace platform.
The technology sector (XLK, the tech industry ETF) rebounded after Monday's decline, with semiconductor, software, and hardware stocks broadly gaining ground. Nvidia (NVDA) shares rose approximately 2%, and if the gains hold, the stock could snap a seven-session losing streak.
Funds flowed out of the consumer staples sector (XLP), reversing the trading pattern seen on Monday. With Treasury yields and oil prices retreating, inflation worries have temporarily eased, prompting a rotation of capital toward growth-style and tech-related assets.
Here are the stocks that Yahoo Finance readers are keeping a close eye on this morning: SanDisk (SNDK), Marvell (MRVL), Intel (INTC), SK Hynix (SKHY), AMD, Bloom Energy (BE), and Lam Research (LRCX).