- The major Wall Street indices posted modest gains on Wednesday.
- All major sectors of the S&P 500 are trading in positive territory.
The main US stock indices. They opened moderately higher after Tuesday’s slide, as risk flows continue to dominate financial markets. At time of writing, the Dow Jones Industrial Average was up 0.35% to 30,436, the S&P 500 Index was up 0.33% to 3,739, and the Nasdaq Composite was up 0.36% to 12,895.
On Tuesday, Senate Majority Leader Mitch McConnell blocked an attempt by Democrats to increase direct payments under the coronavirus relief bill to $ 2,000 from $ 600, but this development does not appear to be affecting the market sentiment.
All major sectors of the S&P 500 are operating in positive territory. The Energy Index is the one with the best performance, with an increase of 1.15% supported by the increase in crude oil prices. On the other hand, the Communication Services Index is gaining only 0.03%.
S&P 500 chart (daily)
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