Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.9%), Nasdaq Composite (+1.3%), and DJIA (+1.1%) sit a touch beneath session highs as the market enters the final hour of the session. 

Of the three S&P 500 sectors in negative territory, only the energy sector (-0.8%) holds a loss wider than 0.2%, finally facing some profit-taking after a strong week. Even with today's loss, the energy sector is still up 2.6% for the week, which puts the group only behind technology (+2.9%) on this week's leaderboard.

While crude oil futures settled today's session $0.31 lower (-0.5%) at $61.47 per barrel, the price of oil still gained over 7% this week.

In related news, Bloomberg reports that the Trump administration is planning to open most coastal waters to offshore drilling.