- The major Wall Street indices opened higher on Thursday.
- Tech stocks post strong gains after the opening bell.
- Energy stocks underperform as the oil recovery weakens.
The main US stock indices They opened in positive territory following the release of mixed US macroeconomic data At time of writing, the S&P 500 is trading at a new all-time high of 4,266, gaining 0.57% on the day. Meanwhile, the Dow Jones Industrial Average is up 0.66% to 34,090 and the Nasdaq Composite is up 0.85% to 14,393.
Hours earlier, the US Bureau of Economic Analysis reported that real Gross Domestic Product (GDP) expanded at an annual rate of 6.4% in the first quarter as expected. Additionally, the US Department of Labor announced that weekly Initial Unemployment Claims decreased modestly to 411,000 from 418,000. Finally, durable goods orders rose 2.3% in May and disappointed the market consensus of 2.7%.
Among the top 11 sectors in the S&P 500, the Technology Index is up nearly 1% after the opening bell. On the other hand, the Energy Index is recording small losses pressured by a 0.8% drop in US crude oil prices.
S&P 500 chart (daily)
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