- S&P 500 Index is posting strong gains on Tuesday.
- The S&P 500 Technology Index is rising more than 2%.
- Financial shares slide amid slumping Treasury bond yields.
Major equity indexes in the US started Tuesday with impressive gains following a choppy performance at the start of the week. As of writing, the S&P 500 Index was up 1.05% on the day at 3,862, the Dow Jones Industrial Average was gaining 0.3% at 31,898 and the Nasdaq Composite was rising 2.6% at 12,618.
Reflecting the positive shift in market sentiment, the CBOE Volatility Index (VIX), Wall Street’s fear gauge, is done nearly 4% on the day.
Among the 11 major S&P 500 sectors, the Technology Index, which suffered heavy losses during last week’s broad-based decline, is up 2.25% as the best performer in the early trade. On the other hand, pressured by a 4% drop in the 10-year US Treasury bond yields, the Financials Index is losing 1.6%.
Investors will be keeping a close eye on the US 3-year note auction at 1800 GMT.
S&P 500 chart (daily)
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