Stock Market Update

[BRIEFING.COM] The major indices trade in relatively narrow ranges. The S&P 500 has moved less than 40 points between its intraday high and low.

Market breadth reflects a positive bias under the index surface. Advancers have a 5-to-2 lead over decliners at the NYSE and a 3-to-2 lead at the Nasdaq. 

More S&P 500 sectors are higher now compared to earlier in the session. The communication services (+1.2%) and energy (+1.1%) sectors continue to lead followed by consumer discretionary (+0.2%), information technology (+0.2%), industrials (+0.2%), and materials (+0.2%).