Wall Street opens higher boosted by upbeat earnings figures

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Major equity indexes in the U.S. started the day in the positive territory on Thursday boosted by upbeat earnings figures. As of writing, the Dow Jones Industrial Average and the S&P 500 were both up 0.5% on a daily basis while the Nasdaq Composite was adding 0.45%. The CBOE Volatility Index, Wall Street’s fear gauge, is up 2.5% on the day to reflect the slightly improves market sentiment.

Boosted by the higher-than-expected revenue and profit figures reported by the retail giant Walmart, the Consumer Discretionary Index gained traction and was up more than 1% in the early trade. Additionally, the sharp rebound seen in the 10-year T-bond yield is fueling the rate-sensitive Financials Index, which was last up 1.15% on the day. None of the 11-major S&P 500 sectors was in the negative territory at the time of press. 

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