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Title: S&P 500 opens in the positive territory, notches new record high

Jun 23, 2021 1:44:59 PM GMT

By: AnalysisWatch

  • Wall Street's most important indexes opened better on Thursday.

  • Technology stocks submit sturdy profits after the opening bell.

  • Energy shares under perform as oil rally loses steam.

Major fairness indexes in the US opened the fantastic territory following blended macroeconomic statistics releases from America. As of writing, the S&P 500 is buying and selling at a brand new all-time excessive of 4,266, gaining 0.57% on a day by day basis. In the meantime, the Dow Jones Industrial Average is growing 0.66% at 34,090 and the Nasdaq Composite is up 0.85% at 14,393.

Earlier the day, America Bureau of Economic Analysis suggested that the Real Gross Domestic Product (GDP) increased at an annual charge of 6.4% the first zone as expected. Furthermore, America Department of Labor introduced that the weekly Initial Jobless Claims declined modestly to 411,000 from 418,000. Finally, Durable Goods Orders rose with the aid of using 2.3% in May and fell brief of the marketplace consensus of 2.7%.

Among the eleven essential S&P 500 sectors, the Technology Index is up almost 1%after the hole bell. On the alternative hand, the Energy Index is posting small losses compelled with the aid of using a 0.8% decline visible in US crude oil prices.

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