- The major Wall Street indices opened higher on Wednesday.
- Investors don’t seem to be paying attention to the mixed US data.
- All major sectors on the S&P 500 are trading higher.
The main US stock indices They opened higher in the pre-Christmas session, as risk flows continue to dominate financial markets. Despite the release of mixed macroeconomic data from the US, the CBOE Volatility Index (VIX), the gauge of Wall Street fear, is down more than 3% to reflect market optimism.
At time of writing, the Dow Jones Industrial Average was up 0.56% on the day at 30,184, the S&P 500 was up 0.38% at 3,702, and the Nasdaq was virtually unchanged at 12,804.
Earlier in the day, US data showed that Initial Weekly Unemployment Claims decreased by 89,000 to 803,000 last week and Durable Goodes Orders rose 0.9% in November to beat market expectations of a 0.6% increase. On a negative note, the US Bureau of Economic Analysis publication showed that personal spending and personal income declined 0.4% and 1.1%, respectively, in November.
Meanwhile, reports suggesting the EU and UK are closing in on a Brexit deal appear to be providing an additional boost to market sentiment.
The top 11 sectors of the S&P 500 are trading in positive territory after the opening bell with the Energy Index leading the rally with a gain of 1.6%.
S&P 500 chart (daily)
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