Market Update

Financials have run higher in recent trade, resulting in a 0.8% gain for the sector. Led by the likes of diversified financial services players, Financials are now today’s top performers.

Despite leadership from the financial sector, the broad market is having difficulty building on its gains. Instead, resistance continues to cap its climb.

The improved tone among stocks has prompted some to rotate out of Treasuries. In turn, the benchmark 10-year Note is under modest pressure. Treasuries could see an increase in activity with results from an auction of 7-year Notes at the top of the hour.

Market Update