Stock Market Update

[BRIEFING.COM] The rally continues to build up steam.

Earlier, the weekly EIA Natural Gas Inventories showed a draw of 6 bcf versus a build of 21 bcf last week. Natural gas futures trade 3.2% higher at $2.93/mmbtu. This price action, along with the moves in WTI crude oil futures ($78.24/bbl, +1.24, +1.6%), have boosted the S&P 500 energy sector (+1.2%). 

The consumer discretionary (+2.9%) and information technology (+2.0%) sectors show the largest gains while the rate-sensitive real estate (-0.1%) and utilities (-0.2%) underperform amid rising rates.