- The major Wall Street indices opened in positive territory on Tuesday.
- Energy stocks post impressive gains on rising crude prices.
- The S&P 500 Technology Index shows small losses on early trading.
The main stock indices They started the second day of the week with a decisive rise as risk flows continue to dominate financial markets. Reflecting market optimism, the CBOE Volatility Index (VIX), Wall Street’s scare gauge, is down more than 2% on the day.
At time of writing, the S&P 500 was up 0.6% to 3.601, the Dow Jones Industrial Average was up 0.9% to 29.8585, and the Nasdaq Composite was up 0.1% to 11.915.
Among the top 11 sectors, the Energy Index is up 3.2% driven by a 3% rise seen in crude oil prices. In addition, the financial index is up 1.7% due to an increase of more than 1% in the yield of the US 10-year Treasury bonds. On the other hand, the Technology Index fell 0.07% due to its underperformance in the first trades.
Later in the session, market participants will closely follow the Conference Board’s Consumer Confidence Index.
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