S&P 500 Index opens at fresh all-time highs above 3,540 boosted by tech rally

  • Wall Street’s main indexes opened decisively higher on Wednesday.
  • Technology shares post strong gains to fuel the rally.
  • S&P 500’s defensive sectors trade in the negative territory.

Major equity indexes in the US opened sharply higher on Wednesday as risk flows continue to dominate the financial markets. The S&P 500 Index touched a new record-high of 3,546 at the opening bell and was last seen gaining 0.4% on the day at 3,541. Meanwhile, the Dow Jones Industrial Average was up 0.55% 28,797 and the Nasdaq Composite was rising 0.8% at 12,388.

Among the 11 major S&P 500 sectors, the Technology Index and the Communication Services Index both gain around 0.8% to lead the rally. On the other hand, the defensive S&P 500 sectors, Real Estate, Healthcare, Utilities, post modest losses in the early trade to confirm the upbeat market mood. 

S&P 500 chart (daily)

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