- The major Wall Street indices started higher on the last day of the week.
- Energy stocks post strong gains as oil prices rise.
After Thursday’s rebound, the main US stock indices They opened modestly higher on Friday. They opened modestly higher on Friday. At time of writing, the S&P 500 was up 0.4% on the day to 4,175, the Nasdaq Composite was up 0.3% to 13,539 and the Dow Jones Industrial Average was up 0.47% to 32,345.
All major sectors of the S&P 500 are trading in positive territory after the opening bell. Supported by a nearly 3% rise in US crude oil prices, the Energy Index is increasing 1.5%. On the other hand, the defensive real estate index has risen only 0.15%.
Meanwhile, preliminary data released by IHS Markit on Friday showed that the services PMI in May rose to 70.1 and the manufacturing PMI improved to 61.5.
S&P 500 chart (daily)
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