Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.4%) hovers just below its best level of the session with seven sectors trading higher.

The energy sector (+1.6%) has maintained its lead even though crude oil failed to hold onto its gain, ending the pit session lower by $0.33, or 0.5%, at $64.96/bbl. Oil marked a session high just north of $66.00/bbl, touching its best level since early April, before reversing in mid-morning trade. Energy, meanwhile, is hanging onto the bulk of today's gain, making for a continuation of a strong start to the month. The sector is already up 4.0% in June, but it is still the worst performer of Q2, having given up 10.0% since the end of March.

Treasuries are on course to finish the day with slim gains in longer tenors, sending the 10-yr yield lower by a basis point to 4.47% while the 2-yr yield is up one basis point at 4.01% after today's soft 3-yr note sale.