- The major Wall Street indices extend Thursday’s weekly rally.
- Tech stocks post impressive gains after the opening bell.
- Financial Index is the only major sector with red numbers.
The main US stock indices opened in positive territory for the third day in a row on Thursday, as risk flows continue to dominate financial markets. At time of writing, the Dow Jones Industrial Average was up 0.34% on the day to 32,405, the S&P 500 Index was up 0.65% to 3,924 and the Nasdaq Composite was up 1.62% to 12,958.
Among the top 11 sectors in the S&P 500, the risk-sensitive technology index is up 1.5% as the highest percentage gain on early trading. In addition, the Communication Services Index has risen 1.06%.
On the other hand, the Financial Index is the only sector trading in negative territory, losing 0.6% as US Treasury yields remain on the defensive after the 10-year Treasury auction. Wednesday.
Meanwhile, data released by the U.S. Department of Labor showed that weekly Initial Unemployment Claims fell to their lowest post-pandemic level at 712,000 and helped improve market sentiment.
S&P 500 chart (daily)
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