Stocks (^DJI, ^IXIC, ^GSPC) open Thursday higher, continuing their recovery from Tuesday's CPI data-driven sell-off. Yahoo Finance Senior Markets Reporter Jared Blikre breaks down the market action, taking a closer look at small-cap stocks (^RUT, IWM), Treasury yields, and semiconductor stocks' year-to-date performances.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor's note: This article was written by Luke Carberry Mogan.

Video Transcript

BRAD SMITH: Well, we did it again. That is the opening bell on Wall Street. You're taking a look at the NYSE where Palmer Square is ringing the opening bell up on the podium. PSBD is the ticker symbol there. And then, Tevogen Bio with the funfetti in Midtown Manhattan at the NASDAQ.

All right. Great, great bunch of folks up there. All right. Let's take a look at how things open up here on the day. It looks like we're going to open up higher across the board. The NASDAQ is calibrating. But taking a look at the Dow and the S&P 500, green on the screen. Let's go straight to Yahoo Finance reporter Jared Blikre at the Interactive. Jared, what are you seeing?

JARED BLIKRE: Hey, Brad. We're looking at another bump up. We had some decent gains yesterday, but that was coming off of a nasty, nasty loss, the worst in terms of small caps, for a couple of years. And here's the small caps up another [CLEARS THROAT] excuse me, 1% today. Here's over the last three days.

So you can see-- you can still see they're down about 1% over this time frame. Have not quite climbed, clawed back all of those losses. But I want to check on the bond market as well. We are seeing the 10-year T-note yield down a bit, down 6 basis points. So let me just show you a line chart so you can see.

This is the price action this year, and we are off of our highs a little bit. But the trend has been up. I've been talking about that quite a bit. I also want to check in on the semiconductors. If I have time, I'm going to go through some heat maps here. But over the last year to another record high only yesterday, I believe, up 46%.

One of the sectors I've also been tracking are the transports. And it's interesting because in Dow Theory, you want to see the transports confirm what's happening with the industrials. But here, I'm looking at the Dow Transports in purple compared to IYT, which is the iShares Transports ETF.

You can see this one here, which has a high weighting to Uber, Uber is its number one component that has been hitting record highs. That is off the charts here. That is at a record high.