- The major Wall Street indices opened higher on Thursday.
- The CBOE volatility index is up nearly 7% on the day.
- Defensive sectors are trading in positive territory after the opening bell.
The main US stock indices The S&P 500 was down 0.4% on the day to 4,356, the Dow Jones Industrial Average was losing 0.33% to 34,818 and the Nasdaq Composite was open lower following the release of mixed US macro data at time of writing. lost 0.6% to 14,812.
Reflecting the risk-averse market environment, the CBOE Volatility Index (VIX), Wall Street’s fear gauge, is up nearly 7%.
The US Department of Labor reported Thursday that initial jobless claims dropped to 360,000 in the week ending July 10. Other US data revealed that the New York Empire State Manufacturing Index rose sharply to 43 in July from 17.4 in June and the Philadelphia Fed Manufacturing Index. The index fell to 21.9 from 30.7.
Among the top 11 sectors of the S&P 500, the risk-sensitive tech index was down 0.7% on the day. On the other hand, the defensive utilities and real estate indices rise after the opening bell.
S&P 500 chart (daily)
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