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S&P 500 Index opens higher after Monday’s slide

  • The major Wall Street indices opened in positive territory.
  • Improving market sentiment helps US equities to recoup losses.
  • All major sectors of the S&P 500 rise higher after opening the bell.

After suffering heavy losses on Monday, the main US stock indices. they managed to open higher on Tuesday amid the positive shift observed in market sentiment. At time of writing, the S&P 500 was up 0.5% on the day at 4,380, the Dow Jones Industrial Average was up 0.6% at 34,160, and the Nasdaq Composite was up 0.53% at 14,791.

Reflecting the improving market mood, the CBOE volatility index, the Wall Street fear gauge is down 7% to 23.89.

Among the top 11 sectors, the consumer staples index is rising 1.1% as the best performer after the opening bell. On the other hand, the Industrial Index has risen only 0.13%.

Hours earlier, US data showed that housing starts and building permits were up 3.9% and 6%, respectively, in August. However, these readings do not appear to have a noticeable impact on market sentiment.

S&P 500 chart (daily)

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