- S&P 500 Index opened in the positive territory and touched fresh record highs.
- Walmart shares surge on strong earnings figures on Tuesday.
- Defensive Real Estate Index slides in early trade.
Wall Street’s main indexes started the day in the positive territory and the S&P 500 Index (SPX) set a fresh all-time high of 3,395. As of writing, the SPX was up 0.37% on the day at 3,394. Meanwhile, the Dow Jones Industrial Average was gaining 0.1% at 27,872 and the Nasdaq Composite was up 0.8% at 11,383.
Earlier in the day, retailer-giant Walmart reported that e-commerce sales surged by 97% in the second quarter and same-store sales expanded by 9.3% in the same period. Boosted by this announcement, the S&P 500 Discretionary Index is up 1.05% on the day as the best-performing major sector.
On the other hand, the defensive Real Estate Index is losing 0.35%. Additionally, the poor performance of US Treasury bond yields continues to hurt the Financials Index, which was last down 0.22% on the day.
S&P 500 chart (daily)
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