S&P 500 Index opens higher following two-day decline

Wall Street's main indexes are pushing higher on Wednesday.
Technology shares push higher on improving market sentiment.
Investors don't seem to be concerned about the September inflation data.

Eren Sengezer FXStreet

Major equity indexes in the US opened higher after closing the previous two sessions in the negative territory. As of writing, the S&P 500 was up 0.33% on the day at 4,365, the Dow Jones Industrial Average was rising 0.2% at 34,447 and the Nasdaq Composite was gaining 0.6% at 14,552.

Reflecting the improving market mood, the CBOE Volatility Index (VIX) is down nearly 3% at 19.36.

Among the 11 major S&P 500 sectors, the risk-sensitive Technology Index and the Communication Services Index both rise around 0.7% on a daily basis. On the flip side, the Energy Index is down 0.85%.

Earlier in the day, the data published by the US Bureau of Labor Statistics showed that the annual Consumer Price Index edged higher to 5.4% in September from 5.3% in August. Nevertheless, this reading doesn't seem to be impacting the risk sentiment.

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.

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