S&P 500 Index opens higher after two-day drop

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  • The major Wall Street indices are rising on Wednesday.
  • Tech stocks push higher on improving market sentiment.
  • Investors do not appear to be concerned about the inflation data for September.

The main US stock indices They opened higher after closing the previous two sessions in negative territory. At time of writing, the S&P 500 was up 0.33% on the day to 4,365, the Dow Jones Industrial Average was up 0.2% to 34,447 and the Nasdaq Composite was up 0.6% to 14,552.

Reflecting the improving market mood, the CBOE Volatility Index (VIX) is down nearly 3% to 19.36.

Among the top 11 sectors in the S&P 500, the Risk Sensitive Technology Index and the Communication Services Index are up about 0.7% on the day. On the other hand, the energy index is down 0.85%.

Hours earlier, data released by the US Bureau of Labor Statistics showed that the annual Consumer Price Index rose to 5.4% in September from 5.3% in August. However, this reading does not appear to be affecting risk sentiment.

S&P 500 chart (daily)

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