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Stocks on the move: Amazon, Rivian, Blink, Airbnb, cannabis stocks, semiconductors, and more

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Yahoo Finance Live's Jared Blikre rounds up today's notable gains and losses across markets.

Video transcript

ZACK GUZMAN: But we are now less than an hour away from hearing President Joe Biden speak on his decision to renominate Fed Chair Jerome Powell and nominate Vice Chair Lael Brainard. And off that announcement, we are seeing the Dow up by about 225 points. Interesting the leaders in the S&P 500, two sectors, the cyclicals, energy and financials, seeing the strongest action of the day. And for more on what we're seeing play out, I want to bring on Yahoo Finance's chart master, Jared Blikre, to give us a closer look. Hey, Jared.

JARED BLIKRE: Hey, Zack. Well, let's start with the sector action that you were just talking about. On the YFi Interactive, we can see energy. That's XLE in the upper left. That's up over 2%. Financials, XLF up there. [INAUDIBLE] just a little bit behind it. Now to the downside, we are seeing communication services the only sector in the red. And when we see how this plays out in the NASDAQ 100, kind of a mixed board.

We're seeing Apple up 2%, Tesla up over 3 and 1/2%, but Alphabet and Facebook each in the red. Those are constituents in the communication services sector, that one sector in the red that we were looking at a second ago. Amazon also off 2% or so. Let's bring up a chart here. We've seen Amazon break to the upside very recently. And here's a three-year chart. You can see still just barely eking out those record highs. But nevertheless, has been on an upward trajectory, up ever so gradually most of 2021.

Now taking a look at the EV space, we saw a lot of green earlier here. And we're still seeing a lot of those gains locked in. GM and Ford each up over 3%. Nio Auto, that stock is up about 8% right now. But some of the losers here are some of the recent winners. Rivian under pressure, Rivian down about 13%. I'll bring up a one-month chart. We can see they haven't been trading for one month. But this goes back to their IPO a couple of weeks ago. We can see after trending upwards, it has been the opposite since about the middle of last week. So, lots of focus on that as well.

Blink Charging, EV Go, those stocks are each down about 10%, 8% for EV Go. Nikola down 6%, so kind of a mixed board here. Now the travel sector, I think this is instructive. Airbnb really shedding a lot of its former gains here. That stock is down 6 and 1/2%. Most of the airlines now surprisingly in the red as COVID concerns are forefront. We see Carnival Cruise Lines down 1%, although Southwest Airlines bucking the trend. That stock is up over 1%.

Also, want to check in on the cannabis space. A lot of these names had been under pressure last week. And that pressure is continuing into this week, as it looks like-- well, I would say that last-- I think it was a note Thursday or Friday kind of casting some-- throwing some cold water on the idea that some of these stocks would get a benefit from perhaps some legislation, some favorable legislation this year. Finally, I do want to highlight the semiconductor sector. A lot of these names had been in the green, so giving up some of those gains here.

NVIDIA, I believe, hit a record high, although it is down about 12 basis points. AMD also off about one-quarter of a percent, although Intel and Micron each up over 1%. Now in the software space, seeing a little bit more red. In fact, a lot of these names are selling off quite heavily. Snowflake down some 7%, Crowdstrike down over 6%. So is Zscaler. And I believe we are going to be looking for Zoom. Zoom earnings very close after the bell today. Guys.

ZACK GUZMAN: All right, Jared Blikre, bringing us the latest there. Good to see you again back here on the show.

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