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  • Wall Street’s main indexes started the last day of the week higher.
  • Energy stocks post strong gains as oil prices push higher.

Following Thursday’s upsurge, major equity indexes in the US opened modestly higher on Friday. As of writing, the S&P 500 was up 0.4% on the day at 4,175, the Nasdaq Composite was rising 0.3% at 13,539 and the Dow Jones Industrial Average was rising 0.47% at 32,345.

All major sectors of the S&P 500 trade in the positive territory after the opening bell. Supported by a nearly-3% increase in US crude oil prices, the Energy Index is rising 1.5%. On the other hand, the defensive Real Estate Index is up only 0.15%.

Meanwhile, the preliminary data published by the IHS Markit showed on Friday that the Services PMI in May rose to 70.1 and the Manufacturing PMI improved to 61.5.

S&P 500 chart (daily)

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