- The major Wall Street indices opened near Tuesday’s closing levels.
- Energy stocks post impressive gains as oil prices continue to rise.
- The S&P 500 Consumer Discretionary Index is down nearly 1%.
Although US stock index futures spent most of the day trading in positive territory, the main US stock indices They opened little changed on Wednesday amid mixed returns from major sectors. At time of writing, the S&P 500 Index remained lateralized at 4,442, the Dow Jones Industrial Average was up 0.02% at 34,583, and the Nasdaq Composite is losing 0.2% at 15,003.
Among the top 11 sectors in the S&P 500, the Energy Index is rising 2.8% supported by a 2.5% rise seen in U.S. crude oil prices.On the other hand, the Consumer Discretionary Index is losing almost a 1% as the biggest decline after the opening bell.
Hours earlier, US data showed the New York Fed’s Empire State Manufacturing Index rose sharply to 34.3 in September from 18.3 in August. In addition, the Federal Reserve reported that Industrial Production expanded 0.4% in August. However, these figures had little or no impact on risk sentiment.
S&P 500 chart (daily)
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