S&P 500 Index opens modestly higher, stays below 4,400

Wall Street's main indexes push higher following Monday's decline.
Energy Index trades in the negative territory after the opening bell.

Eren Sengezer FXStreet

After failing to gather bullish momentum and closing in the negative territory on Monday, major equity indexes in the US managed to open modestly higher on Tuesday. As of writing, the S&P 500 was up 0.2% on the day at 4,368, the Dow Jones Industrial Average was rising 0.1% at 34,515 and the Nasdaq Composite was rising 0.4% at 14,543.

Among the 11 major S&P 500 sectors, the Energy Index is down 0.5% as the biggest decline in early trade. On the other hand, the Consumer Discretionary Index is rising 0.85%.

Earlier in the day, the data from the US showed that the NFIB Business Optimism Index declined to 99.1 in September from 100.1 in August but this reading received little to no market reaction.

Wake Up Wall Street (SPY) (QQQ): Markets cornered by rising yields and surging energy costs.

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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