[BRIEFING.COM] Recent action saw the S&P 500 (+0.2%) and Nasdaq (+0.4%) edge to fresh session highs, but the overall pace of today's action has remained somewhat subdued.
The energy sector (+0.4%) trades a bit ahead of the broader market, but the economically-sensitive group has extended this week's gain to 2.2%, which puts the sector ahead of the remaining ten groups. Crude oil has been a factor in the sector's outperformance. The energy component is up 0.3% at $60.40/bbl today and up 5.0% for the week. This week's rally lifted WTI crude back above its 200-day moving average (58.32).
Conversely, the health care sector (-1.5%) has slid to a fresh session low, widening this week's loss to 1.8%. Johnson & Johnson (JNJ 133.74, -6.37, -4.5%) has fallen to a one-month low amid reports the Department of Justice could open a criminal investigation of the company's knowledge about cancer risks associated with the company's baby powder.