Title: S&P 500 opens modestly lower, stays within touching distance of record highs

Jul 12, 2021 2:09:27 PM GMT

By: AnalysisWatch

Major equity indexes opened mixed on Monday as buyers seem like opting out to stay on the sidelines earlier of this week's key sports and macroeconomic information releases.

As of writing, the S&P 500 Index, which touched a record immoderate of 4,372, is posting modest every day losses at 4,360. Meanwhile, the Dow Jones Industrial Average become down 0.4% at 34,730 and the Nasdaq Composite become up 0.15% at 14,850.

Among the 11 essential S&P 500 sectors, the Energy Index is down 0.5% pressured with the resource of the use of a 1.7 decline witnessed in US crude oil prices. On the opportunity hand, the protecting Healthcare and Real Estate indexes stay in the first-rate territory after the whole bell.

On Tuesday, the Consumer Price Index (CPI) may be featured in America economic docket. Later in the week, the USA Federal Reserve will release its Beige Book and FOMC Chairman Jerome Powell will deliver the Fed’s semiannual document to Congress on the country of the USA monetary gadget starting on Wednesday.