S&P 500 Index opens at lowest level since late, stays above 3,200

  • Major equity indexes in the US opened modestly lower.
  • Rising tech shares helped Nasdaq climb into the negative territory.
  • Healthcare stocks underperform in the early trade on Thursday.

Wall Street's main indexes started the day in the negative territory on Thursday but staged a rebound in the first hour of the session. As of writing, the S&P 500 Index, which touched its lowest level since July 30th at 3,209, was down only 0.06% on the day at 3,235. Meanwhile, the Dow Jones Industrial Average was losing 0.15% at 26,719 and the Nasdaq Composite was up 0.25% at 10,858.

The S&P 500's Technology Index and the Communication Services Index both trade in the positive territory, helping the tech-heavy Nasdaq Composite gain traction.

On the other hand, energy stocks are, once again, underperforming with the Energy Index losing more than 1%.

Among the S&P 500-listed companies, Darden Restaurants Inc (DRI: NYSE) shares are up more than 6% boosted by upbeat earnings figures. On the flip side, Carmax Inc (KMX: NYSE) is down more than 8% as the biggest daily percentage decliner.

S&P 500 chart (daily)

United States New Home Sales Change (MoM) above forecasts (-1%) in August: Actual (4.8%)

United States New Home Sales Change (MoM) above forecasts (-1%) in August: Actual (4.8%)
Mehr darüber lesen Previous

US: New Home Sales rise by 4.8% in August vs. -1% expected

New Home Sales in the US increased by 4.8% in August to a seasonally adjusted annual rate of 1,011,000, the data published jointly by the US Census Bu
Mehr darüber lesen Next