U.S. stock market starts mixed... S&P·Nasdaq rise, Dow falls
The US stock market opened on the 9th (local time) with a mixed trend.
The Standard and Poor's (S&P) 500 index rose 0.05%, showing a slight increase, and the Nasdaq, focused on technology stocks, recorded a 0.22% increase, showing a positive trend. On the other hand, the Dow Jones Industrial Average started with a 0.21% decline, showing weakness.
By industry, technology stocks showed relative strength, while defensive stocks and some large-value stocks could not avoid weakness. Market participants are focusing on key economic indicators to be released this week and the Federal Reserve (Fed)'s monetary policy direction.
The recent mixed trend without directional movement is read as a signal that investors are maintaining a wait-and-see approach for the time being.