- The major Wall Street indices started the new week strong.
- The S&P 500 Energy Index posts strong gains after the opening bell.
The major stock indices in the US They opened in positive territory on the first trading day of 2021, but it appears they are struggling to gain further bullish momentum.
At time of writing, the S&P 500 Index, which hit a new high of 3,769, was up 0.15% on the day at 3,761. The Nasdaq Composite rose 0.15% to 12,907 and the Dow Jones Industrial Average was flat at 30,600 after opening 0.15% gain.
Meanwhile, the CBOE Volatility Index (VIX), Wall Street’s fear gauge, is up 2.45%, suggesting that risk flows are struggling to take control of the markets.
Among the major sectors of the S&P 500, the Energy Index is 1.05% after the opening bell. On the other hand, the consumer staples index lost 0.42%.
S&P 500 chart (daily)
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.