- The major Wall Street indices started the new week on a solid footing.
- Energy stocks post strong gains to lead the rally.
- The CBOE Volatility Index (VIX) is down more than 3%.
The major stock indices in the US cThey started on the first day of the week in positive territory, as the launch of the coronavirus vaccine and increased hopes for a US stimulus deal sparked a positive shift in risk sentiment. Reflecting market optimism, the CBOE Volatility Index (VIX), Wall Street’s indicator of fear, is down more than 3%.
At time of writing, the S&P 500 was up 0.86% on the day at 3,695, the Dow Jones Industrial Average was up 0.76% at 30,278 and the Nasdaq Composite was up 1% at 12,495.
Among the top 11 sectors in the S&P 500, the Energy Index rose nearly 1% after the opening bell on the back of rising crude prices. On the other hand, the Communication Services Index is the worst performer with a 0.15% gain in reports suggesting that Apple, Amazon and Google could face fines of up to 10% of annual revenue in the EU.
S&P 500 chart (daily)
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