S&P 500 opens in the positive territory, notches new record high

• Wall Street's main indexes opened higher on Thursday.
• Technology shares post strong gains after the opening bell.
• Energy stocks underperform as oil rally loses steam.

Major equity indexes in the US opened in the positive territory following mixed macroeconomic data releases from the US. As of writing, the S&P 500 is trading at a new all-time high of 4,266, gaining 0.57% on a daily basis. In the meantime, the Dow Jones Industrial Average is rising 0.66% at 34,090 and the Nasdaq Composite is up 0.85% at 14,393.

Earlier in the day, the US Bureau of Economic Analysis reported that the Real Gross Domestic Product (GDP) expanded at an annual rate of 6.4% in the first quarter as expected. Furthermore, the US Department of Labor announced that the weekly Initial Jobless Claims declined modestly to 411,000 from 418,000. Finally, Durable Goods Orders rose by 2.3% in May and fell short of the market consensus of 2.7%.

Among the 11 major S&P 500 sectors, the Technology Index is up nearly 1% after the opening bell. On the other hand, the Energy Index is posting small losses pressured by a 0.8% decline seen in US crude oil prices.

Nasdaq (NDX, NQ1, QQQ) remains bullish as FAANG leads the way.

S&P 500 chart (daily)