Stock Market Update

[BRIEFING.COM] The major equity indices are higher thus far. Gains in the mega cap space have propelled the broader equity market, which was also the case Tuesday morning before opportunistic sellers stepped in to benefit from the initial surge.

Market participants will closely watch signs of selling into the opening gains again today given ongoing angst around trade policy. The latest developments on the tariff front include retaliatory duties on U.S. imports by China and the EU. 

The market-cap weighted S&P 500 is 1.2% higher and the Invesco S&P 500 Equal Weight ETF (RSP) shows a 0.4% gain. The S&P 500 technology sector (+2.4%) leads the 11 sectors while the energy sector (-1.3%) shows the largest decline.

Treasuries have exhibited noticeable volatility since yesterday's settlement. The 10-yr yield moved up to 4.45% earlier before moving to 4.38%.