- The S&P 500 remains on track to close in negative territory.
- The S&P 500 Technology Index is up more than 2%.
- The CBOE volatility index was down 7% on Wednesday.
The main Wall Street indices they are still on track to close in positive territory on Wednesday after starting the day modestly higher. At time of writing, the S&P 500 Index was up 0.85% on the day to 3,575, the Dow Jones Industrial Average was up 0.12% to 29,454 and the Nasdaq Composite was up 2.3% to 11,890.
The CBOE Volatility Index (VIX), Wall Street’s indicator of fear, was down 7% on the day, reflecting market optimism.
Among the top 11 sectors in the S&P 500, the risk-sensitive technology index is up 2.5%. On the other hand, the Energy, Industrial and Materials indices, which posted strong gains thanks to optimism from the coronavirus vaccine earlier in the week, are operating in negative territory.
S&P 500 chart (daily)
.
Credits: Forex Street
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
