S&P 500 Index opens modestly lower, holds above 4,200
|- Wall Street's main indexes opened in the negative territory.
- Energy stocks post strong gains on rising crude oil prices.
Major equity indexes in the US opened in the negative territory on Monday as investors seem to be staying on the sidelines ahead of FOMC's critical monetary policy announcements on Wednesday.
As of writing, the S&P 500 is down 0.15% on the day at 4,240, the Dow Jones Industrial Average is losing 0.27% at 34,385 and the Nasdaq Composite is falling 0.08% 13,987.
Among the 11 major S&P 500 sectors, the Energy Index is rising 0.77% supported by rising crude oil prices. At the moment, the barrel of West Texas Intermediate (WTI) is trading at its strongest level since October 2018 at $71.60, up 1.15% on a daily basis. On the other hand, the Materials Index is losing 0.62% as the biggest percentage loser after the opening bell.
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.