Wall Street opens higher on upbeat earnings figures
|- Technology Index leads rally boosted by strong gain in Intel shares.
- CBOE Volatility Index drops on easing worries over coronavirus.
- Energy Index continues to underperform amid falling crude oil prices.
Wall Street's main indexes started the day higher as the easing worries over coronavirus becoming a global health emergency and upbeat earnings figures allowed risk-on flows to return to markets.
As of writing, the Dow Jones Industrial Average was up 0.35% on the day while the S&P 500 and the Nasdaq Composite were adding 0.1% and 0.4% respectively. Reflecting the improving sentiment, the CBOE Volatility Index, Wall Street's fear gauge, is down around 2% on the day.
Tech shares gain traction
Led by a more-than-6% gain in chipmaker giant Intel's shares on upbeat strong quarterly profit figures, the Technology Index is up 0.9% to lead the rally. On the other hand, with the barrel of West Texas Intermediate erasing 2% on Friday, the Energy Index is extending its losing streak and was last erasing 0.77% on the day.
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.