Stocks Open Higher Ahead of Fed Speech, Tech Profits
Stocks began the day on a positive note ahead of Federal Reserve Chairman Kevin Warsh's speech, with investors in tech companies taking profits after Nvidia Corp.'s rally. The S&P 500 Index rose by 0.2%, led by gains in consumer discretionary and communication services sectors. Meanwhile, the Nasdaq 100 was unchanged, while the Dow Jones Industrial Average increased by 0.1%. Oil prices decreased as Venezuela considers leaving OPEC.
The Cboe Volatility Index continued to decline, trading just over 14. This comes after a day of gains in the tech sector, fueled by Nvidia Corp.'s performance.