- The major Wall Street indices opened sharply lower on Tuesday.
- Tech stocks suffer heavy losses after the opening bell.
The main stock indices They started the day in negative territory on Tuesday amid a negative shift in risk sentiment. Reflecting the gloomy mood of the market, the CBOE volatility index (VIX), the Wall Street fear gauge, rose 11.2% on the day to 20.37.
At the time of writing, the S&P 500 down 1% on the day to 4,152, el Dow Jones Industrial Average lost 0.6% to 33,913 and the Nasdaq Composite lost 1.8% to 13,547.
Among the 11 main sectors, the technology index risk sensitive and the communication services index they lose 2% and 1.35%, respectively. The Real Estate Index it is the only major sector trading in positive territory after the opening bell.
Data released from the US on Tuesday showed that March factory orders rose 1.%, disappointing the market’s expectation of 1.3%. What’s more, the IBD / TIPP economic optimism index it dropped to 54.4 in May from 56.4 in April.
S&P 500 chart (daily)
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