- The major Wall Street indices opened mixed on Wednesday.
- Investors don’t seem to pay much attention to the US data.
- Energy stocks drop sharply before the Thanksgiving holiday.
The major stock indices in the US They started the day on a mixed note on Wednesday, as investors don’t appear to be excited about taking big positions ahead of the Thanksgiving holiday.
At time of writing, the S&P 500 Index was down 0.2% on the day to 3,627, the Dow Jones Industrial Average lost 0.4% to 29,926, and the Nasdaq Composite was up 0.35% to 12,125.
The US Bureau of Economic Analysis reported Wednesday that it left third-quarter GDP growth flat at 33.1% in its second estimate. Other data from the US showed that durable goods orders in October rose 1.3% to exceed the market expectation of 0.9% and the trade deficit widened to $ 80.29 billion in October from $ 79.36 billion in September. .
Later in the session, the University of Michigan Consumer Sentiment Index and the FOMC November Minutes will be discussed as new catalysts.
Among the top 11 sectors in the S&P 500, the Energy Index is down almost 2% under pressure from profit-taking following the impressive rally seen in energy stocks on Monday and Tuesday.
S&P 500 chart (daily)
.
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.
