Stock Market Update

[BRIEFING.COM] The S&P 500 returned to its session high around the 5,300 level, with buying efforts broadening out. The equal-weighted S&P 500, which had been down 1.2%, was up 0.1% (it is now down 0.1%).

Nine of the 11 S&P 500 sectors are in positive territory, with consumer discretionary (-1.0%) and real estate (-0.3%) still lagging.

The move coincided with the 10-yr note yield backtracking a bit from a session high of 4.58% to 4.52%; also, it is possible that participants have been heartened by the general resilience of the market in the face of another slate of bad news ranging from China's tariff retaliation to the dollar's weakness to an ugly consumer sentiment report for April.