- The major Wall Street indices posted strong gains on Monday.
- All major sectors of the S&P 500 are trading in positive territory.
- Energy and financial stocks lead the rally after the opening bell.
After suffering heavy losses last week, the main stock indices They started March on a firm footing. At the time of writing, the S&P 500 index It was up 1.5% on the day at 3,870, the Dow Jones Industrial Average was up 1.55% at 31,408 and the Nasdaq Composite was up 1.45% at 13,096.
Reflecting the positive shift in market sentiment, the CBOE Volatility Index (VIX), Wall Street’s gauge of fear, was down nearly 13% on Monday.
All major sectors of the S&P 500 are trading in positive territory after the opening bell. The energy index and the financial index gain more than 2% to lead the rally. On the other hand, the Communication Services Index is the worst performer, increasing 1% after the opening bell.
Later in the session, market participants will closely follow the ISM Manufacturing PMI.
S&P 500 chart (daily)
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