Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.3%) remains in the red, masking some recent improvement in market internals.

The day started with decliners outpacing advancers by a solid margin, but NYSE there are now 1.2 advancing issues at NYSE for each decliner. Meanwhile, Nasdaq's ratio is right around 1:1, which is also an improvement from an hour ago. In other words, the market is seeing decent buying interest even though it keeps running into profit taking, which should be expected after a strong run over the past month.

Treasuries have climbed off their lows with the 10-yr note returning to little changed while the long bond remains in the red with its yield up nearly three basis points at 4.97%.