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The stock market's opening advance lost momentum as the S&P 500 failed to push past the 1229 line and the dollar secured support at the flat line after it had pared its morning gain. Though that fed a flurry of selling, the stock market remains in positive territory with a slight gain.
Treasuries received some relief shortly before the open, but pressure has since picked back up. The selling effort has sent the yield on the benchmark 10-year Note back up to 3.23%, which is just a couple of basis points shy of its morning high.
Advancing Sectors: Financials (+0.4%), Telecom (+0.4%), Tech (+0.3%), Energy (+0.1%)
Declining Sectors: Materials (-0.4%), Consumer Discretionary (-0.3%), Utilities (-0.2%), Industrials (-0.1%)
Unchanged: Health Care, Consumer Staples
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