S&P 500 Index opens in the positive territory above 4,400
- Wall Street's main indexes started the week on a firm footing.
- Financial shares post strong gains after the opening bell.
- Consumer Staples Index is the only major sector trading in the red after the opening bell.
Major equity indexes opened in the positive territory on Monday as the market mood remains upbeat. As of writing, the S&P 500 Index is up 0.45% on the day at 4,415, the Dow Jones Industrial Average is rising 0.43% at 35,082 and the Nasdaq Composite is gaining 0.25% at 14,995.
Among the 11 major S&P 500 sectors, the Financials Index is the top performer after the opening bell, rising 1.35%. On the other hand, the Consumer Staples Index is the only sector trading in the red.
Later in the session, the IHS Markit and the ISM will be publishing Manufacturing PMI reports for July.
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.
