- The major Wall Street indices are trading mixed on Monday.
- Rising tech stocks helps Nasdaq stay in positive territory.
- The S&P 500 energy index is down more than 2%.
The main stock indices They started the new week on a mixed note amid a lack of significant fundamental drivers. At time of writing, the S&P 500 Index was down 0.17% on the day to 3,693, the Dow Jones Industrial Average was down 0.4% to 30,097 and the Nasdaq Composite was up 0.4% to 12,578.
Among the top 11 sectors of the S&P 500, the Energy Index is losing 2.5% after the opening bell pressured by a 1% drop in crude oil prices. On the other hand, the Technology Index and the Communication Services Index rose more than 0.3%, helping the Nasdaq High-Tech Composite stay green.
Later in the day, the US Federal Reserve will release the Consumer Credit Change data for October, but this report is unlikely to have a significant impact on market sentiment. At the moment, the CBOE volatility index, Wall Street’s gauge of fear, has risen more than 5%, reflecting a cautious mood.
S&P 500 chart (daily)
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