Major equity indexes are trading in the positive territory
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, defensive Real Estate is up only 0.05%.