untitled design

S&P 500 Index Opens Modestly Higher Awaiting US Consumer Sentiment Data

  • The major Wall Street indices are trading in positive territory on Friday.
  • Tech stocks push higher after the opening bell.
  • Investors await data from the University of Michigan Consumer Sentiment Index.

The main stock indices in the United States started the last day of the week in positive territory following the improvement in market sentiment. The CBOE Volatility Index, Wall Street’s scare gauge, was last seen dropping more than 4% on the day at 16.94.

At time of writing, the S&P 500 Index is up 0.2% to 4,656, the Dow Jones Industrial Average is up 0.27% to 36,015, and the Nasdaq Composite is up 0.5% to 15,704.

Among the 11 main sectors, the Communication Services and Technology indices rose 0.3% after the opening bell. On the other hand, the defensive Public Services index is losing 0.4%.

Later in the session, the University of Michigan will release preliminary Consumer Sentiment Index data for November.

S&P 500 chart (daily)

.

You may also like

Get the latest

Stay Informed: Get the Latest Updates and Insights

 

Most popular