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Stocks search for direction coming off Nasdaq's record close

Stock market averages (^DJI, ^IXIC, ^GSPC) open Tuesday's trading session mixed as the Dow Jones Industrial Average attempts to claw back its position above 40,000 and the Nasdaq Composite secured a record close in yesterday's session.

Morning Brief Anchors Seana Smith and Brad Smith monitor the market and section action, including in the Nasdaq 100 (^NDX), after the opening bell.

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

Uh, to see of green and confetti at the NASDAQ as an act rings the opening bell.

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All right, we're getting into Act one of today's trading activity as we're taking a look at BT IG at the NYSC starting today's trading activity here.

All right, great group of folks there, Great group.

All right, let's take a look at the, uh, markets here.

Let's see how things open up on the day.

We're mixed to start off today.

It looks like, uh, as we're just seeing things calibrate here a little bit the Dow industrial lab flat just barely to the upside.

You're seeing the NASDAQ Composite open up just a little bit lower.

It's down by about 4/10 of a percent.

And the S and P 500 also just a little bit lower by about 2/10 of a percent there.

Yeah, right around that 5300 level NASDAQ coming off a record high.

When you take a look at the chips, we are seeing some pressure there, off just about 1% of the Philadelphia Semiconductor Index.

We're taking a look at that because of the focus on the semiconductor industry here this week ahead of as results tomorrow.

Taking a look at that intraday action, You've got consumer Staples healthcare among the out performers there, industrials and technology lagging and inside the NASDAQ taking a look at that index following yesterday's record high, we are seeing a bit of a mixed picture, although many of these larger cap tech names under a bit of pressure here, you've got NVIDIA giving back some of those gains yesterday, off just about 1% here at the Open, as well as Amazon and then Google Meta also under a bit of pressure today.