- Wall Street’s main indexes started the new week higher.
- Energy shares post strong gains on rising crude oil prices.
- Technology stocks underperform after the opening bell on Monday.
Major equity indexes in the US started the new week on a firm footing. At the moment, the S&P 500 is trading at a new all-time high of 4,613, rising 0.17% on a daily basis. In the meantime, the Dow Jones Industrial Average is rising 0.45% at 35,984 and the Nasdaq Composite is gaining 0.15% at 15,520.
Among the 11 major S&P 500 sectors, the Energy Index is up more than 1% fueled by a 1.8% increase witnessed in US crude oil prices. On the other hand, the Technology Index is losing 0.28% after the opening bell.
Later in the session, the ISM Manufacturing PMI will be featured in the US economic docket.