- The major Wall Street indices continue to rise.
- All major sectors of the S&P 500 are operating in positive territory.
- Energy stocks post strong gains as crude oil prices rise after a two-day slide.
The major stock indices in the US They manage to take advantage of Tuesday’s gains after starting the day to the upside on Wednesday. At the moment, the Dow Jones Industrial Average is up 0.88% on the day at 32,114, the S&P 500 is up 0.7% at 3,902, and the Nasdaq Composite is gaining 0.82% at 12,902.
All major sectors of the S&P 500 are trading in positive territory after the opening bell with the Energy Index leading the rally with a 1.4% gain. The 1.7% rise in crude oil prices before the weekly crude oil stock change from the US Energy Information Administration appears to be driving energy stocks.
Earlier in the day, data from the US showed that the Basic Consumer Price Index (CPI) in February fell to 1.3% annually in February, but failed to trigger a significant market reaction. Later in the session, investors will keep an eye out for the 10-year Treasury auction.
S&P 500 chart (daily)
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