Stock Market Update

[BRIEFING.COM] The S&P 500 trades higher by 1.7%. With today's advance, the S&P 500 is now just 70 points below its May high and about 250 points below its record from mid-February.

Nine out of eleven sectors are up for the month of May with technology (+2.2%; +10.7% month-to-date), consumer discretionary (+2.6%; +10.3% month-to-date), and communication services (+1.5%; +9.0% month-to-date) holding the biggest gains versus a 6.0% month-to-date advance in the S&P 500.

On the flip side, the health care sector (+1.1%; -6.4% month-to-date) has been the worst performer of the month by a wide margin while the real estate sector (+1.5%; -0.4% month-to-date) holds a slimmer loss.