- The major Wall Street indices are trading in negative territory on Wednesday.
- Energy stocks rise on rising crude prices.
The main stock indices They started the second day in negative territory on Wednesday, as risk flows continue to dominate financial markets. At time of writing, the S&P 500 Index was down 0.2% on the day to 4,510, the Dow Jones Industrial was down 0.15% to 35,100 and the Nasdaq Composite was down 0.4% to 15,313.
Among the top 11 sectors in the S&P 500, the Energy Index is rising 1% on the back of rising crude prices. Currently, a barrel of West Texas Intermediate is up 1.5% to $ 69.40, as oil production in the Gulf of Mexico remains low due to Hurricane Ida.
On the other hand, the risk-sensitive tech index is shedding 0.4% as the biggest drop after the opening bell.
Later in the session, JOLTS job vacancy data for September will be analyzed for fresh momentum. Additionally, the 10-year US Treasury bond auction will take place at 17:00 GMT.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
