- The major Wall Street indices opened mixed on Thursday.
- DJIA remains in negative territory amid falling financial stocks.
- Tech stocks fuel impressive rally on Nasdaq Composite.
After a two-day consolidation phase, the S&P 500 Index (SPX) It opened in positive territory on Thursday and hit a new record of 4,093. At time of writing, the SPX was up 0.27% on the day to 4,090, the Dow Jones Industrial Average was down 0.15% and the high-tech Nasdaq Composite was up 0.9% to 13,741.
Among the top 11 sectors in the S&P 500, the Technology Index is up 1.05% as the top performer in early trading. On the other hand, the financial index is losing 0.7% pressured by a drop of more than 2% in the yield of US Treasuries.
Hours earlier, data released by the US Department of Labor showed that weekly Initial Unemployment Claims rose to 744,000. This reading was worse than the market expectation of 680,000, but had little to no impact on market sentiment.
Later in the session, FOMC President Jerome Powell’s speech will be considered to give it new impetus.
S&P 500 chart (daily)
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