- The major Wall Street indices started the new week strongly.
- Tech stocks post strong gains after the opening bell.
- All major sectors trade in positive territory.
The main US stock indices They opened decisively higher on Monday as market sentiment continues to improve. At time of writing, the Dow Jones Industrial Average was up 0.45% on the day to 34,355, the S&P 500 was up 0.64% to 4,183 and the Nasdaq Composite was up 1.05% to 13,555.
Reflecting the positive risk environment, the Technology Index is up 1.3% and the Communication Services Index is increasing 0.9%. Additionally, the CBOE Volatility Index (VIX), Wall Street’s fear gauge, is down nearly 3%.
All major sectors of the S&P 500 were up after the opening bell, but the Energy Index appears to underperform as it was only up 0.1%.
The only US data on Monday showed that the Federal Reserve Bank of Chicago’s national activity index fell to 0.24 in May from 1.71 in April, but this reading did not provoke a significant market reaction.
S&P 500 chart (daily)
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