- The major stock indices open little changed on Wednesday.
- The S&P 500 Energy Sector Index gains more than 1%.
- Defensive sectors post modest losses at open.
The main Wall Street indices have modestly started up Wednesday, as investors appear to be on the sidelines as they await further developments around the US stimulus talks. At time of writing, the S&P 500 is up 0.4% on the day at 3,526, the Dow Jones Industrial Average is up 0.28% at 28,759, and the Nasdaq Composite is up 0.6% at 12,155.
Among the top 11 sectors of the S&P 500, energy index rises 1.5% as the best performer in the first operations backed by a 2% gain in US crude prices. On the other hand, the defensive sectors, Real Estate and Health, register small losses after the opening bell.
Later in the day, the US Financial Management Service will release the Monthly Budget Statement, but this report is unlikely to have a significant impact on market sentiment.
S & P500 daily chart
Credits: Forex Street
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