Yahoo Finance Ines Ferre joins the Live show to break down how stocks are moving ahead of big bank earnings.

Video Transcript

[AUDIO LOGO]

- Welcome back to Yahoo Finance Live this morning. We're about 11 minutes into today's trading session. Let's get on over to the YFi Interactive, where Yahoo Finance's own Ines Ferre is standing by. Hey, Ines.

INES FERRE: Hey, guys. Yeah, and adding to gains from gains that we saw last week as well. Looking at the Dow right now, up about 4/10 of a percent. The NASDAQ also higher up. 8/10 of a percent. Consumer discretionary leading the gains. I do want to point out the US dollar index. I'm going to pull up a five-day chart so you can see. Here, this is the US dollar against a basket of currencies. Last Friday, before that jobs report, it was just above 105.6. And right now, it's at 103.3.

So this downward pressure on the dollar index-- that is also helping to support equities right now. And as I mentioned, consumer discretionary leading. Also communications services, energy stocks-- those are leading the gains as well. Over on the NASDAQ 100, we're looking at some of the mega-caps that are in the green. We also are watching the semiconductors seeing a nice pop today, as well as the Chinese ADRs.

Do want to mention what's happening with crypto, because we've been watching Bitcoin. Up for a sixth straight session. Remember that Bitcoin trades at a 24-hour pace. So 24/7. And you're looking at Bitcoin right now at just above 17,200 per token. And over on the crypto-related stocks, we've been watching Coinbase-- up more than 7%. Coinbase was initiated at Jefferies with a hold with the analysts there talking about the FTX debacle and how that really is negative for Coinbase.

And trading volumes will suffer, but the analysts pointing a couple of good points about Coinbase. One being the company's premium brand, the scalability, and also the healthy balance sheet-- that that should help Coinbase weather the storm that we're watching in crypto right now, guys.