Wall Street opens modestly higher despite falling T-bond yields

Major equity indexes in the United States started the day in the positive territory on Wednesday despite falling Treasury bond yields, which have been weighing on Wall Street since the second half of the previous week. As of writing, the Dow Jones Industrial Average was up 0.33% on the day while the S&P 500 and the Nasdaq Composite were adding 0.15% and 0.2%, respectively.

Earlier today, the data published by the U.S. Census Bureau showed that the trade deficit narrowed to $51.1 billion in January from $59.9 billion in December and came in better than the market expectation of $57 billion. 

Among the 11 S&P 500 major sectors, industrials gains 0.45% to lead the winners in the early trade. On the other hand, utilities is underperforming with a loss of 0.3%.