Market Update

Stocks have spent the past 30 minutes working their way higher. The effort has all three major equity averages at their best levels of the day. Of particular interest, the S&P 500 is now testing its multi-month closing high. Financials have emerged as clear-cut leaders. Their upward push has the overall financial sector sporting a 1.4% gain. That move has been matched only by the Utilities sector, but utilities collectively carry only a fraction of the financial sector’s market weight.

Market update