- The major Wall Street indices are trading around Monday’s closing levels.
- Energy stocks post strong gains as crude prices rise.
- The S&P 500 Technology Index underperforms after the opening bell.
After posting impressive earnings on Monday, the main US stock indices They started the day with a slight change as investors await the next significant catalyst. At time of writing, the Dow Jones Industrial Average was unchanged on the day at 31,533, the S&P 500 Index posted small gains at 3,900, and the Nasdaq Composite was down 0.4% to 13,225.
Among the top 11 sectors of the S&P 500, the Energy Index is rising 0.7% supported by a 1% rise in crude oil prices. On the other hand, the Technology Index is down 0.65% as the biggest decline after the opening bell.
Data from the US showed that the ISM-BY trade conditions index plummeted to 35.5 in February from 51.2 in January. Later in the session, the IBD / TIPP will publish the index of economic optimism. Federal Reserve Governor Lael Brainard is also scheduled to deliver a speech at 18:00 GMT.
S&P 500 chart (daily)
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