Stocks open Tuesday higher as earnings season kicks off

Stocks (^DJI, ^IXIC, ^GSPC) open Tuesday's session higher as earnings season kicks into high gear. The S&P 500 and Nasdaq Composite snapped their six-day losing streaks yesterday.

Morning Brief's Seana Smith and Brad Smith examine Tuesday's market open and this 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

BRAD SMITH: Taking a look at the Dow Jones Industrial average, first and foremost, here out of the gates. Looking like we're higher by about 4/10 of a percent. NASDAQ and the S&P 500, also, seeing some green.

SEANA SMITH: Yeah. You're looking at the NASDAQ move to the upside. Let's take a look at the S&P, also, pushing further above that 5,000 mark. An important level here to keep in mind during today's trading action. It's also important to note some of the action that we're seeing within the bond market here, despite this move higher that we're seeing in equities.

We're also seeing this move higher in yields. You've got the 10-year yield moving up just around two basis points. Flipping over to the sector action here at the open, you've got materials and energy utilities under pressure. So reversal to the trading action that we were seeing play out last week.

And on the flip side, you've got health care, industrials, consumer discretionary among the gainers here. And Brad, the real drivers here ahead of the open-- at the open, I should say, is really the earnings results that we've gotten so far and exactly what that could tell us about what is ahead.

And, at least, right now, those results are mixed here this morning.

BRAD SMITH: Yeah. That's right. And as I was mentioning the data from BlackRock in their weekly market commentary, the US earnings updates this week. And it'll be key to see, if these companies can keep topping expectations and buoy risk appetite in a higher for longer interest rate.