S&P 500 opens in the positive territory, hits new all-time high at 3,950
|- Wall Street's main indexes opened higher on Tuesday.
- Energy and financial shares post impressive gains after the opening bell.
Major equity indexes in the US opened in the positive territory following the long weekend and notched new all-time highs. As of writing, the Dow Jones Industrial Average was up 0.28% on the day at 31,548, the S&P 500 was gaining 0.3% at 3,947 and the Nasdaq Composite was rising 0.4% at 13,860.
The sharp upsurge witnessed in the US Treasury bond yields is providing a boost to rate-sensitive financial stocks on Tuesday. At the moment, the 10-year US T-bond yield is rising 4.15% on the day and the S&P 500 Financials Index is up 1.25%.
Additionally, the S&P 500 Energy Index is surging 2.8% fueled by rising crude oil prices. The barrel of West Texas Intermediate (WTI) is up nearly 1% since the start of the week and trading above $60.
On the other hand, the defensive sectors, Utilities, Real Estate and Healthcare, stay in the negative territory in the early trade.
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.