Title: S&P 500 Index opens modestly lower, energy shares slide

Jul 05, 2021 1:44:01 PM GMT

By: AnalysisWatch

• Wall Street's important indexes opened blended on Tuesday.

• Energy shares put up huge losses amid slumping crude oil prices.

• Technology stocks change in the high-quality territory after the outlet bell.

Following an extended weekend, predominant fairness indexes opened blended on Tuesday. As of writing, the S&P 500 become down 0.2% at the day at 4,343, the Dow Jones Industrial Average become dropping 0.37% at 34,658 and the Nasdaq Composite become up 0.1% at 14,741.

Among the eleven predominant S&P 500 sectors, the Energy Index is dropping 1.77% forced via way of means of a more-than-2 decline visible in crude oil prices. Additionally, the 2.6% drop in the benchmark 10-12 months US Treasury bond yield is weighing at the Financials Index, which become closing down 1.3%.

On the alternative hand, the Technology Index is up 0.4% because the satisfactory acting predominant quarter after the outlet bell. Later in the session, the ISM Services PMI for June could be watched intently via way of means of marketplace participants.