- The major Wall Street indices opened mixed on Thursday.
- Financial stocks are up on rising US Treasury yields.
- Tech stocks are trading lower after the opening bell.
The main US stock indices opened mixed on Thursday following the latest batch of US data At time of writing, the Nasdaq Composite was down 0.3% to 13,660, the Dow Jones Industrial Average was up 0.6% to 34,530 and the S&P 500 was up 0.23. % to 4.205.
Hours earlier, the US Bureau of Economic Analysis announced that it left annualized real GDP growth in the first quarter unchanged at 6.4% in its second estimate. Other data showed that initial weekly jobless claims fell to 406,000 from 444,000 and durable goods orders fell 1.3% in April, disappointing the market’s expectation of a 0.7% increase.
Among the top 11 sectors in the S&P 500, the financial index is the best performer after the opening bell, rising 1% due to a 2% increase in the yield on US Treasuries. On the other hand, the Technology Index is losing 0.16%.
S&P 500 chart (daily)
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