S&P 500 opens modestly higher supported by tech stocks

• Wall Street's main indexes trade mixed on Monday.
• Technology shares post strong gains ahead of key earnings reports.

Major equity indexes in the US opened on a mixed note on Monday as investors are gearing up for a busy week filled with the FOMC Meeting, key macroeconomic data releases and earnings reports. As of writing, the S&P 500 was up 0.28% at 3,852, the Dow Jones Industrial Average was losing 0.45% at 30,861 and the Nasdaq Composite was gaining 1.35% at 13,551.

The S&P 500 Technology Index is up 1.45% after the opening bell as the best performing major sector. On the other hand, the S&P 500 Energy Index is losing more than 2% pressured by a sharp U-turn in crude oil prices. At the moment, the barrel of West Texas Intermediate is down 0.3% on the day at $51.90.

Tesla, Apple, Microsoft, Netflix, McDonald’s, Boeing and Caterpillar will be among the companies that will be releasing their quarterly reports this week.

S&P 500 chart (daily)