- The major Wall Street indices opened lower on Thursday.
- Tech stocks are trading deep into negative territory.
- The CBOE Volatility Index is up almost 4% in early trading.
After closing in negative territory on Wednesday, major US stock indices fell after the opening bell, as market sentiment remains bitter amid lack of progress in coronavirus aid talks in Earlier in the day, Republican House Leader Kevin McCarthy said they expected to finalize the COVID-19 relief bill next week, but failed to boost sentiment.
Reflecting market risk aversion, the CBOE Volatility Index (VIX), Wall Street’s fear gauge, is up nearly 4% on the day at 11:10 PM.
At time of writing, the Dow Jones Industrial Average was down 0.52% to 29,910, the S&P 500 was down 0.65% to 3,649, and the Nasdaq Composite was down 0.9% to 12,257.
Among the top 11 sectors in the S&P 500, the risk-sensitive communications services index is down 1.5% and the technology index is down 0.52%. On the other hand, the Energy Index is posting modest gains supported by rising crude prices.
S&P 500 chart (daily)
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