- The major Wall Street indices are trading mixed on Thursday.
- Tech stocks post strong gains after this week’s selloff.
- Energy stocks underperform amid falling crude oil prices.
After Wednesday’s steep fall, the main US stock indices they opened in a mixed way. At time of writing, the S&P 500 was up 0.4% on the day to 4,080, the Dow Jones Industrial Average posted small losses at 33,590 and the Nasdaq Composite was up 1.2% at 13,156.
Among the top 11 sectors in the S&P 500, the Tech Index, which suffered heavy losses in the first half of the week, rose 1.35% on the back of risk flows. On the other hand, the Energy Index is losing 0.65% amid a 1.6% drop seen in US crude oil prices.
Earlier in the day, data from the US showed that the annual Producer Price Index increased to 6.2% in April from 4.2% in March and Weekly Initial Unemployment Claims decreased to 473,000, compared to the estimate. of 490,000 analysts.
S&P 500 chart (daily)
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