Market Update

Stocks extended their opening slide beneath the prior session’s lows, but buyers have stepped in to fuel a rebound. The effort has taken both the Nasdaq and the Dow into positive territory, but the S&P 500 has paused near the neutral line. The upward move by stocks has been broad based, but there still isn’t a clear source of leadership. Energy stocks, which outperformed in the prior session, are still down 0.3% today. Meanwhile, both consumer discretionary and consumer staples plays are sporting collective gains of 0.3%. While that may be better than what any other sector has scored, neither group has the weight to carry the broad market higher, however.

Market Update