Major equity indexes in the U.S. started the day in the positive territory on Thursday with the risk appetite returning to markets. The CBOE Volatility Index, Wall Street’s fear gauge, was last down 5.5% on the day while the Dow Jones Industrial Average and the S&P 500 were rising 0.3% and 0.5%, respectively, behind the Nasdaq Composite, which was adding 0.6% to lead the rally.
Among the 11 major S&P 500 sectors, the Technology Index and the Consumer Discretionary are both up around 0.7%. On the other hand, with the barrel of West Texas Intermediate struggling to make a meaningful recovery following last week’s sharp drop, the Energy Index stays in the negative territory in the early trade.
Earlier today, U.S. President Trump’s remarks on the trade conflict with China seems to have brought some optimism to the markets. While speaking to reporters before his trip to the Air Force Academy in Colorado, “China would love to make a deal with us. We had a deal and they broke the deal. I think if they had it to do again they wouldn’t have done what they did,” Trump said.
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