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The S&P 500 Index opens near last week’s closing level above 4,200

  • The major Wall Street indices are trading mixed on Monday.
  • Financial stocks fall lower at the beginning of the week.
  • Defensive sectors are trading in positive territory after the opening bell.

The main US stock indices opened near last week’s closing levels as investors await the next significant catalyst. At time of writing, the Dow Jones Industrial Average is up 0.05% on the day to 34,773, the S&P 500 is down 0.5% to 4,227, and the Nasdaq Composite is losing 0.18% to 13,745.

Among the top 11 sectors of the S&P 500, the financial index is down 0.4% as US Treasury yields continue to erase the bullish gap.

On the other hand, defensive sectors are fluctuating in positive territory, reflecting the market’s cautious attitude. Currently, the real estate index is up 0.6% as the top performer in early trading.

S&P 500 chart (daily)

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