Stock Market Update

[BRIEFING.COM] The stock market started Tuesday on a lower note with the S&P 500 down 0.3% in the early going.

Eight out of eleven sectors are among the early decliners, but only top-weighted technology (-0.8%) is down more than 0.4% so far, which could be viewed as an encouraging sign.

On the upside, countercyclical sectors like utilities (+0.6%), consumer staples (+0.3%), and health care (+0.1%) hold gains with the health care sector extending this week's advance to 1.1%.

Treasuries started near their flat lines, but they have faced some recent pressure that has the 30-yr yield rising five basis points to 4.99% while the 10-yr yield is up four basis points at 4.52%.