S&P 500 Index opens in green above 3,370, closes in on all-time highs

• S&P 500 and Dow Jones Industrial Average opened in the positive territory.
• Falling technology shares weigh on Nasdaq Composite on Tuesday.
• Energy and financial shares post decisive gains to fuel the S&P 500's rally.

The S&P 500 Index (SPX) opened in the positive territory on Tuesday and continues to move closer to the all-time high it set at 3,393 back in February. As of writing, the SPX was up 0.35% on the day at 3,372. Meanwhile, the Dow Jones Industrial Average is gaining 1.15% at 28,112 but the Nasdaq Composite is losing 0.9% at 10,982.

Earlier in the day, Russian President Vladimir Putin announced that they have developed the first effective vaccine against coronavirus and triggered a risk rally. Later in the day, US President Donald Trump will be delivering an update on six promising vaccines developed in the US. 

Among the 11 major S&P 500 sectors, the Energy Index and the Financials Index both gain more than 2% in the early trade. The 10-year US Treasury bond yield is up nearly 10%, lifting financial stocks, and the barrel of West Texas Intermediate is gaining 1.6% to boost energy shares.

On the other hand, the Technology Index is losing 0.5% and forcing the tech-heavy Nasdaq Composite to stay in the negative territory.

S&P 500 chart (daily)