Major equity indexes in the U.S. started the day modestly higher supported by the financial sector. As of writing, the Dow Jones Industrial Average was up 0.42% on the day while the S&P 500 and the Nasdaq Composite were adding 0.32% and 0.36%, respectively.
Strong earnings reports from Goldman Sach and Bank of American earlier in the day boosted the market sentiment on Wednesday and the S&P 500 Financials Index were up more than 1% in the early trade to lead the gains. Out of 11 major S&P 500 sectors, only the utilities and consumer staples sectors are in the negative territory. Among winners, materials and industrials both rise around 0.5% to trail financials.
Later in the session, the Fed will be publishing its Beige Book, which paints a clear picture of the overall health of the economy. Investors will also be paying close attention to the no confidence vote in the UK.
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