- Defensive sectors rise in early trade on Wednesday.
- Energy shares underperform ahead of weekly EIA report.
Major equity indexes in the United States started the day little changed on Wednesday as investors seem to be taking a step back following the latest rally that lifted Wall Street’s three main indexes to fresh all-time highs. As of writing, the Dow Jones Industrial Average was unchanged on the day at 27,495 points, the S&P 500 was adding 0.05% and the Nasdaq Composite was erasing 0.1%.
Among the 11-major S&P 500 Sectors, the Real Estate Index, which posted heavy losses amid rising US Treasury bond yields earlier this week, is staging a technical recovery and was last seen up 0.6%. On the other hand, the Energy Index is down 0.4% ahead of the Energy Information Administration’s (EIA) weekly oil market report.
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