S&P 500 Index opens in the positive territory, Nasdaq hits new record hgh

Wall Street's main indexes opened higher after Thanksgiving break.
Nasdaq Composite hit a fresh record high after the opening bell.
S&P 500 Technology Index is up 0.7% in the early trade.

Eren Sengezer FXStreet

Major equity indexes in the US started the last day of the week in the positive territory. As of writing, the S&P 500 Index was up 0.38% at 3,643, the Dow Jones Industrial Average was gaining 0.45% at 30,007 and the Nasdaq Composite was trading at a fresh record high of 12,240, advancing 0.7%.

In the absence of significant macroeconomic data releases and fundamental drivers, risk flows continue to dominate financial markets.

Reflecting the upbeat market mood, the defensive Real Estate Index and the Utilities Index decline by 0.72% and 0.36%, respectively. On the other hand, the Technology Index is up 0.65% as the best performing major sector in the early trade.

US stock markets will close early in observance of the Thanksgiving Day holiday on Friday.

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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