S&P 500 Index opens decisively higher after last week's slump
|- Wall Street's main indexes opened in the positive territory on Monday.
- Technology shares post strong gains to lead the rally.
- Energy shares underperform pressured by falling crude oil prices.
Major equity indexes in the US closed in the negative territory for the second straight time last week but staged a decisive rebound on Monday supported by risk flows. Reflecting the upbeat market mood, the CBOE Volatility Index, Wall Street's fear gauge, is down nearly 3%.
At the moment, the S&P 500 Index is up 1% at 3,373, the Dow Jones Industrial Average is rising 0.7% at 27,848 and the Nasdaq Composite was gaining 1.45% at 11,013.
In the early trade, the S&P 500 Energy Index is the only major sector trading in the negative territory pressure by a 1% decline in crude oil prices. On the other hand, the risk-sensitive Technology Index is up nearly 2% boosted by an 8% gain witnessed in NVIDIA Corp (NVDA: NASDAQ) shares.
S&P 500 chart (daily)
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.