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The major equity averages are up modestly this morning. The underlying bid remains broad based as many of the market's major sectors stage gains.
Telecom is in the strongest shape of any major sector. It currently sports a 0.9% gain, which has been led by integrated plays Verizon (VZ 37.59, +0.30) and AT&T (T 29.17, +0.32).
Energy stocks are having some difficulty pushing up from the neutral line into positive territory, though. The sector's relative weakness comes as oil prices slide 1.5% to $103.80 per barrel.
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