- The major Wall Street indices opened near Monday’s closing levels.
- Energy stocks rise as oil rally continues.
- The defensive sectors remain on the back foot after the opening bell.
After Monday’s record rally, the main US stock indices They started the day with little change on Tuesday. At time of writing, the S&P 500 Index was up 0.1% on the day to 4,484, the Dow Jones Industrial Average was up 0.13% to 35,387 and the Nasdaq Composite was up 0.3% to 14,986.
For the second day in a row, the Energy Index is the top performing major sector of the S&P 500 after the opening bell, with a daily increase of more than 1% due to rising crude prices. A barrel of West Texas Intermediate (WTI), which was up nearly 6% on Monday, is currently up 2% to $ 66.85.
On the other hand, the defensive Utilities and Real Estate indices are losing 0.8% and 0.5%, respectively. Later in the session, July’s new home sales data will be analyzed for fresh momentum.
S&P 500 chart (daily)
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