Stocks move higher at the open ahead of Fed minutes

Let's talk about the opening bell and the setup for today. We are seeing a little bit of a bounce back here to set off the Wednesday session on this holiday short and week here. And obviously there's still a lot of concern about what's going on with the Federal Reserve, what's going to be happening with interest rates. But all of that, it seems like the market's taking a brief pause from as we get underway, at least until we get the minutes later this afternoon, PCE later this week as we just heard Callie Cox of E. Turrow saying, markets are going to be reading in very, very closely to those minutes to figure out what they mean. I'm looking up Strawberry Fields here. Yeah? Yeah, Strawberry, it's a.

Tasty way to start today. It's a reet apparently based in South Bend, Indiana, not a Beatles song, not an area in Central Park named after the Beatles song in memory of John Lennon, but rather now it's a reet. It's a company that trades on the strength of soil out there, Strawberry Fields. Yes, taking a look here at the Dow Jones Industrial Average out the gate this morning. You're seeing that just barely to the upside here. Let me load up the chart for you. As over the past three months, net lower by about 2.

7 percent. Intraday here, we are higher by about 1.5 percent. Of course, that's out the gate. Let's put this on a two-day view so you can get yesterday's move in context as well. We're still net lower given yesterday's move lower by about 1.9 percent in aggregate.

We are still lower over the past two days despite the move higher out of the gate slightly here this morning. Now as that composite also a fractional move to the upside. That's up by about three-tenths of a percent right now. But yeah, you guessed it. Still down by about 2.2 percent over the past two days this week as the market really gearing up for what could come to light from some of those Fed meeting minutes from the FOMC once they dropped later on today. You're taking a look at the S&P 500 flat just barely to the upside by Heron.

That's chinny chin chin however still down over the past two days by about 1.9 percent. Want to take a look at some of the sector activity on that aforementioned S&P 500. We've got 11 sectors all of them loaded up here on the screen for you. And as of right now, XLE pulling up that caboose. It's down by about half a percent. However, leading the pack right now actually some interesting activity out of the gate from consumer discretionary.

That's up by about half a percent here on the day. And as I mentioned, that is one of the better performers over the course of this year thus far a little bit of a bounce back from 2022's activity. I do want to take a brief look at retail as well here. We've had some interesting moves both on the earnings front over the course of this week. You got that yesterday kicking things off from Walmart and Home Depot. However, we had some more news come out from TJX. That I believe I saw that moving higher earlier this morning.

We'll see if we can find it quickly. Actually no, now it's down by about nine-tenths of a percent here on the day. They actually did top some of those same store sales estimates. So that was in focus. And then one other item, Bed Bath and Beyond, also going to be delaying some of its payments. Hey, there we go. Yes, thank you.

That is higher on the day by about 2.9 percent for Bed Bath and Beyond. Sometimes it helps me further away from the screen. So I'm just going to stay back. I see. This is a better view. Yeah, there you go.

I agree. It's helpful.

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