Wall Street rises slightly at opening
- Healthcare leads the gains on Wednesday.
- Financials underperform, cap S&P's upside.
Although major equity indexes in the United States started the day slightly higher on Wednesday, the trading activity is likely to remain subdued with the trading volume remaining low following the Christmas break.
The S&P 500 Health Care Sector (SPXHC) is leading the gains with a 0.22% daily rise while the S&P 500 Information Technology Sector (SPLRCT) is adding 0.12%. The positive impact of these sectors on the indices, however, is offset by a 0.2% drop witnessed in the S&P 500 Financials Sector (SPSY). In the meantime, despite crude oil's recent rally, the S&P 500 Energy Sector (SPNY) is down 0.1% at the moment.
On the other hand, Britain's UK FTSE 100 Index recently refreshed its record high at 7,622 as it added 0.4%.
As of writing, the Dow Jones Industrial Average was down 7.5 points, or 0.03%, at 24,738.62, the S&P 500 was up 1.5 points, or 0.06%, at 2,688.25 and the Nasdaq Composite was gaining 11.5 points, or 0.17%, at 6,947.77.
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.
