- The main Wall Street indices start the day positive.
- The S&P 500 Tech Sector Index rises nearly 1% after the opening bell.
- Energy stocks underperform as crude oil rally weakens.
The main US stock indices have opened slightly higher Thursday after Wednesday’s correction. At the time of writing, the Dow Jones Industrial Average is up 0.15% on the day at 31,489, the S&P 500 Index is up 0.3% at 3,921, and the Nasdaq Composite is up 0.45% at 13,719.
Reflecting the relatively optimistic mood of the market, the CBOE volatility index (VIX), Wall Street’s fear indicator, down 1.5% after the opening bell.
The risk-sensitive technology sector index is the top performing industry, with an increase of almost 1%. On the other hand, the energy sector index is losing 1.05% as the crude oil rally appears to have lost steam with a barrel of West Texas Intermediate WTI consolidating this week’s gains around $ 58.
Earlier in the day, data released by the US Department of Labor showed that initial weekly jobless claims declined by 19,000 to 793,000 last week, but this figure has been worse than the market’s expectation of 757,000.
S&P 500 daily chart
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