- The major Wall Street indices opened lower on Friday.
- Energy stocks underperform under pressure from falling crude prices.
The main stock indices They opened in negative territory on Friday as investors may be looking to post their earnings on the last day of the month. At time of writing, the S&P 500 Index was down 0.5% to 4,189, the Nasdaq Composite was down 0.62% to 13,883, and the Dow Jones Industrial Average was down 0.38% to 33,930.
Among the top 11 sectors in the S&P 500, the Energy Index is down nearly 1% after the opening bell as US crude prices are losing 1.6% on the day. Additionally, the Technology Index, which managed to post strong gains during this week’s rally, is losing 0.9%.
The consumer discretionary index is the only major sector trading in positive territory. Hours earlier, data released by the US Office of Economic Analysis showed that Personal Income and Spending increased 21.1% and 4.2% in March.
S&P 500 chart (daily)
.
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.
