Stock Market Update

[BRIEFING.COM] The equity, bond, and commodity markets have exhibited turnaround action today, which initially started late yesterday.

The major indices remain in positive territory near session highs, WTI crude oil futures dipped below $70.00/bbl a short time ago, and yields are higher. The 10-yr yield is up four basis points to 3.78%.

Market breadth reflects mixed action under the surface, though, due to a lack of conviction with lingering unknowns about the situation in the Middle East and about the labor market. Participants receive the September Employment Situation report on Friday. Decliners have a marginal lead over advancers at the NYSE while advancers lead decliners at the Nasdaq.