Wall Street starts the day sharply higher led by energy and financials

After struggling to find direction on Monday and closing the day relatively close to their opening levels, major equity indexes in the U.S. started the day on a strong note on Tuesday boosted by decisive gains witnessed in several major sectors. As of writing, the Dow Jones Industrial Average and the Nasdaq Composite were both adding 1% on the day while the S&P 500 was rising 0.85%.

Supported by a strong rebound in crude oil prices, the S&P 500 Energy Index is rising 1.5% today to lead the gains. Furthermore, the rate-sensitive S&P 500 Financials is taking advantage of the rising T-bond yields and adding 1.4% on a daily basis. The CBOE Volatility Index, Wall Street's fear gauge, is losing nearly 5% on the day to reflect improved market sentiment. The so-called defensive sectors, utilities and real estate, are struggling to find demand and stay in the negative territory in the early trade.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

EUR/USD slides on USD strength, weak German data

EUR/USD is trading below 1.1350. The German IFO Business Climate slightly missed expectations with 98.5 points. The USD is gaining ground despite progress in US-Chinese talks.

EUR/USD News

GBP/USD recaptures 1.3000 amid Brexit uncertainty, dollar swings

GBP/USD is trading above 1.3000 once again, as the USD loses ground now. Reports about a potential extension of Brexit are circulating but no progress has been made. Trump meets China's Vice PM Liu later.

GBP/USD News