S&P 500 Index notches new all-time high above 4,540

  • Major equity indexes are trading in the positive territory.
  • All major sectors of the S&P 500 edge higher after the opening bell.
  • Upbeat data from the US seem to be providing a boost to sentiment.

Wall Street’s main indexes opened higher on Thursday as risk flows continue to dominate the financial markets. As of writing, the S&P 500 was at an all-time high of 4,542, rising 0.4% on the day, the Dow Jones Industrial Average was up 0.36% at 35,444 and the Nasdaq Composite was rising 0.4% at 15,370.

Earlier in the day, the data from the US revealed that the Challenger Job Cuts declined to its lowest level since 1997 at 15,723 in August. Moreover, the Initial Jobless Claims declined to 340,000 in the week ending August 28 and the Unit Labor Costs increased by 1.3% in the second quarter.

All major sectors of the S&P 500 trade in the positive territory after the opening bell with the Energy Index rising 1.6% as the biggest gainer. On the other hand, the defensive Real Estate is up only 0.05%.

S&P 500 chart (daily)

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