The three major market averages (^DJI, ^IXIC, ^GSPC) are hitting the ground running at Tuesday’s session open, the Dow Jones Industrial Average hitting a new intraday record high at the day’s start.

The Morning Brief’s Seana Smith and Brad Smith report on market moves after the opening bell, joined by Jared Blikre and his coverage of the small-cap Russell 2000 (^RUT) index and the morning’s sector leaders.

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

Just seconds away from the opening bell.

You’re taking a live look at the NYSC where Michelob Ultra is ringing the opening bell, Dicky Bud, of course, uh but wiser subsidiary there and then taking a look at simply good ringing the opening bell at the NASDAQ here.

All right.

That is the opening bell.

You’re watching the morning brief.

It’s brought to you by in Best Go.

Let’s do a check of the markets here.

As we begin this Tuesday trading session.

We’re taking a look at Gaines pretty much across the board right now for the dow the NASDAQ and the S and P 500 Sea.

We are moving higher here.

You got the dow up another half of a percentage point here.

Adding to gains are right at the open.

You can see pushing further further above the 40,000 level.

You’ve also got the S and P 500 moving to the upside.

Now, getting closer to 5700 flipping back over to the NASDAQ composite as it calibrates here, we’re still looking at gains there at the open on a sector basis.

We are looking at much of the green on your screen.

You can see health care, consumer discretionary leading today’s action.

On the flip side, you do have energy and materials under a bit of pressure.

But again, this rotation that we have been talking about uh within the market and you could not uh that actually where did it go here?

Uh Technology, right?

Not too far from the flat line there.

So just below the flat line as that rotation uh seems to be uh taken uh I guess really under under way on Wall Street, we’re starting, things are starting up.

We’re revving up.

Alright, let’s get over to Jared Blake.

He’s got to look at some of the movement that we’re seeing here at the Jared.

Yes, I am watching the Dow at another record.

Intraday high.

We’ve had a few of these recently and let me put the dow on there.

This is a four year chart.

I’m going to switch it over to year to date and you can see how we just only yesterday started climbing into record territory.

Once again, it had been a while.

You can see that we did it in May and in March.

Story continues

But what’s interesting about this bull market and in fact, this is how most bull market evolves.

You have different strengths, you have different sectors showing strength at different times and you see sector rotation that is the lifeblood of the bull bull market.

And you take a look at what’s happening in small caps.

Um I’m gonna put a four year chart on here.

So you can see how long small caps have been stuck under the 2100 area.

This is the Russell 2000, by the way, and only a couple of days ago have we broken free?

And then you can take a look at the S and P 500 equal weight that has been perking up as well.

And, uh, it’s just been interesting to track some of the laggard sectors that have really just shown some strength.

And this goes back, a lot of these streaks have been going on for four or five days, but it was three business days ago, three trading days ago on Thursday that we got that CP I print really changed the game.

So today, leading the sectors is consumer discretionary.

That’s up 9/10 of a percent followed by health care, energy trading to the downside.

But I want to focus on some leaders here.

First, we got home builders.

Those have been showing a lot of strength recently.

They just broke to a record high and that happened only a day two days ago.

We can also take a look at bio tech that is showing some strength.

This is a four year chart.

So it’s just emerging.

That looks a lot like the small cap chart.

And then we can also look at regional banks that those have been perking up recently.

We are just a little bit away from the 1st 52 week high that we’ve seen in years.

And this comes after all the damage that had to be repaired from these charts, from that failure that we saw last March.

So all in all a lot of other sectors and industries just perking up right now.