- The main equity indices started in April on a solid footing.
- The S&P 500 hit a new all-time high above 4,000 after the opening bell.
- Risk-sensitive tech stocks continue to drive the rally.
The first day of the second trimester, the major Wall Street indices They opened in positive territory and the S&P 500 Index hit a new all-time high of 4.002. The sharp drop in the benchmark 10-year US Treasury yield appears to be driving risk sentiment. Reflecting the bullish mood in the market, the CBOE Volatility Index (VIX), Wall Street’s fear gauge, was down nearly 6% on Thursday.
At time of writing, the S&P 500 was up 0.72% to 4,001, the Dow Jones Industrial Average was up 0.2% to 33,036, and the Nasdaq Composite was up 1.55% to 13,295.
Among the top 11 sectors in the S&P 500, the Technology Index and Communication Services Index gain more than 1% as the top performers after the opening bell. On the other hand, the defensive sectors, Utilities and Healthcare, remain in negative territory.
S&P 500 chart (daily)
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