S&P 500 Index opens modestly higher following Wednesday's drop
|- Wall Street's main indexes trade in the positive territory on Thursday.
- Technology shares rebound after suffering heavy losses on Wednesday.
- CBOE Volatility Index is down nearly 6% after the opening bell.
After falling sharply amid heightened inflation fears on Wednesday, major equity indexes in the US managed to open in the positive territory on Thursday. Reflecting the improving market mood, the CBOE Volatility Index, Wall Street's fear gauge, is down nearly 7% on the day.
Bond markets in the US will remain closed due to the Veterans Day holiday and the action in stock markets could remain subdued for the remainder of the day.
As of writing, the S&P 500 Index was up 0.2% at 4,655, the Dow Jones Industrial Average was little changed at 36,015 and the Nasdaq Composite was rising 0.6% at 15,728.
Among the 11 major S&P 500 sectors, the risk-sensitive Technology Index is up 0.5% following Wednesday's slump. On the other hand, the defensive Real Estate Index is losing 0.3%.
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.