Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.4%) and DJIA (-0.7%) are back near session lows, and while the Nasdaq Composite (-0.4%) is on a similar path, the information technology sector's (-0.2%) sizable intraday improvement keeps the tech-heavy index well above its worst levels of the session. 

The technology sector has, however, reentered negative territory, which weighs on the major averages. 

The consumer discretionary sector (-0.1%) gave up an even wider gain that reached 0.5%, leaving just the energy sector (+1.1%) firmly above its flatline. Energy stocks were boosted by a higher price of oil today, with crude oil futures settling today's session $0.83 higher (+1.5%) at $59.38 per barrel.