Major equity indexes in the United States started the day relatively close to yesterday’s closing levels amid a lack of fundamental drivers that could impact the markets’ risk perception. As of writing, The Dow Jones Industrial Average and the S&P 500 were up 0.16% and 0.1%, respectively, while the Nasdaq Composite was losing 0.2% on the day.
Among the 11 major S&P 500 sectors, Financials lead gains by adding 0.75 in the early trade supported by recovering Treasury bond yields. On the other hand, Technology and Healthcare are both were down around 0.3%.
Today’s data from the U.S. showed that the initial weekly jobless claims fell to its lowest level since 1969 at 198K and the Producer Price Index rose 2.2% on a yearly basis in March to surpass the market expectation of 1.9% but were largely ignored by the participants.
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