- The major Wall Street indices are trading in negative territory.
- Financials stocks post strong gains on rising Treasury yields.
- Tech stocks are underperforming after the opening bell on Wednesday.
The main Wall Street indices staged a decisive rally in the second half of Tuesday’s session but struggled to maintain momentum through Wednesday. At time of writing, the S&P 500 Index was down 0.1% on the day to 3,877, the Dow Jones Industrial Average was posting small losses at 31,351, and the Nasdaq Composite was down 0.38% at 13,413.
Among the top 11 sectors of the S&P 500, the Financial Index has risen 0.7% as the best performer after the opening bell, supported by a more than 6% rise in the benchmark yield on US Treasuries. .UU. To 10 years. The Energy Index is also posting strong gains due to a 2% rise in crude oil prices.
On the other hand, the Technology and Communication Services indices lose around 1% in the first trades and weigh on the technology-sensitive Nasdaq.
S&P 500 chart (daily)
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