Wall Street opens higher boosted by upbeat earnings figures
|Major equity indexes in the U.S. started the day in the positive territory on Thursday boosted by upbeat earnings figures. As of writing, the Dow Jones Industrial Average and the S&P 500 were both up 0.5% on a daily basis while the Nasdaq Composite was adding 0.45%. The CBOE Volatility Index, Wall Street's fear gauge, is up 2.5% on the day to reflect the slightly improves market sentiment.
Boosted by the higher-than-expected revenue and profit figures reported by the retail giant Walmart, the Consumer Discretionary Index gained traction and was up more than 1% in the early trade. Additionally, the sharp rebound seen in the 10-year T-bond yield is fueling the rate-sensitive Financials Index, which was last up 1.15% on the day. None of the 11-major S&P 500 sectors was in the negative territory at the time of press.
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.