S&P 500 Index Opens Sideways Above 4,550, Energy Stocks Lower

  • The major Wall Street indices are trading mixed on Wednesday.
  • Energy stocks push lower amid falling crude prices.
  • Data from the US showed a contraction in durable goods orders in September.

The main US stock indices They opened mixed on Wednesday as investors weigh in on the latest earnings reports and the release of US data.

At time of writing, the S&P 500 was down 0.1% on the day at 4,570, the Dow Jones Industrial Average was down 0.06% at 35,737 and the Nasdaq Composite was up 0.3% at 15,283.

Hours earlier, data released by the US Census Bureau showed that durable goods orders were down 0.4% on a month-to-month basis in September. Additionally, the international trade deficit expanded to $ 96.3 billion from $ 88.2 billion in August.

Among the top 11 sectors in the S&P 500, the Energy Index is down 1.7% after opening bell pressure from a more than 1% drop in crude oil prices. On the other hand, the consumer discretionary index has risen 0.4% as the biggest winner in early trading.

S&P 500 chart (daily)

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