S&P 500 Index opens modestly lower ahead of consumer confidence data
|- Wall Street's main indexes opened modestly lower on Friday.
- Technology shares remain on the back foot after the opening bell.
- Investors await UoM's September Consumer Sentiment Index data.
Major equity indexes in the US started the last day of the week in the negative territory. As of writing, the S&P 500 was down 0.1% at 4,470, the Dow Jones Industrial Average was posting small losses at 34,748 and the Nasdaq Composite was falling 0.2% at 15,150.
Later in the session, the University of Michigan (UoM) will release the preliminary Consumer Sentiment Index data for September. Meanwhile, the market volatility is expected to increase toward the end of the session due to the so-called "quadruple witching."
Among the 11 major S&P 500 sectors, the Technology Index is down 0.72% as the biggest decliner after the opening bell. On the other hand, the Energy Index is rising 0.65% despite the modest losses witnessed in crude oil prices.
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.