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S&P 500 Index opens modestly higher, remains below 4,400

  • The major Wall Street indices opened near Monday’s closing levels.
  • Defensive sectors are trading in positive territory after the opening bell.
  • Energy stocks remain on the defensive amid falling crude prices.

The main US stock indices they are trading near the closing levels on Monday after the opening bell. At time of writing, the S&P 500 was up 0.08% on the day at 4,390, the Nasdaq Composite was unchanged at 14,681, and the Dow Jones Industrial Average was up 0.13% at 34,880.

Among the top 11 sectors of the S&P 500, defensive health and real estate indices rose 0.5%, pointing to a cautious mood in the market on Tuesday. On the other hand, the Energy Index has fallen by 0.55%, pressured by the fall in crude prices. Currently, a barrel of West Texas Intermediate is trading at $ 69.65, losing 2.5% on the day.

Later in the session, June factory orders from the US will be considered for further momentum. The IBD / TIPP index of economic optimism will also be included in the US economic agenda.

S&P 500 chart (daily)

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