US Markets Rose Due to the Improved Risk Appetite
The S&P 500 pulled back on Wednesday and broke the four-day gaining streak. However, the S&P 500 opened higher on July 12 and rose to five-month high price levels. On Thursday, ten out of 11 major S&P 500 sectors closed the day higher. Strength in the IT, industrials, and healthcare sectors supported the market. However, weakness in the consumer staples sector limited the market’s gains.