S&P 500 Index opens flat above 4,550, energy shares slide
- Wall Street's main indexes trade mixed on Wednesday.
- Energy stocks push lower amid falling crude oil prices.
- Data from the US showed a contraction in Durable Goods Orders in September.
Major equity indexes in the US opened mixed on Wednesday as investors assess the latest earnings reports and data releases from the US.
As of writing, the S&P 500 was down 0.1% on the day at 4,570, the Dow Jones Industrial Average was losing 0.06% at 35,737 and the Nasdaq Composite was rising 0.3% at 15,283.
Earlier in the day, the data published by the US Census Bureau revealed that Durable Goods Orders declined by 0.4% on a monthly basis in September. Additionally, the international trade deficit expanded to $96.3 billion from $88.2 billion in August.
Among the 11 major S&P 500 sectors, the Energy Index is down 1.7% after the opening bell pressure by a more-than-1% drop witnessed in crude oil prices. On the other hand, the Consumer Discretionary Index is up 0.4% as the largest gainer in the early trade.
S&P 500 chart (daily)
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
