- The major Wall Street indices are trading in positive territory on Thursday.
- The S&P 500 Financials Index is rising more than 1% due to rising Treasury yields.
After closing in positive territory on Wednesday, major stock indices in the US They opened higher on Thursday despite the FOMC’s tough policy outlook. At time of writing, the S&P 500 Index is up 0.55% on the day to 4,420, the Dow Jones Industrial Average is up 0.87% to 34,555 and the Nasdaq Composite is gaining 0.4% to 14,953.
All major sectors of the S&P 500 are operating in positive territory. Backed by a more than 4% rise in the benchmark 10-year US Treasury yield, the financial index is rising 1.4% as the biggest winner. In addition, the energy index has risen 1.2% supported by rising crude oil prices in the US.
S&P 500 chart (daily)
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