Stock Market Update

[BRIEFING.COM] The S&P 500 is lower by 0.4% with 30 minutes remaining in today's session.

Barring a late bounce, the S&P 500 will record its first loss over the past four days after touching its best level since late February in morning trade. The consumer discretionary sector (-1.1%) has been at the forefront of this afternoon's profit taking with most of its components now trading in the red. Cruise operators Norwegian Cruise Line (NCLH 19.03, -0.71, -3.6%) and Carnival (CCL 23.87, -0.64, -2.6%) are among the weakest performers while top component Amazon (AMZN 213.19, -4.42, -2.0%) also lags, falling from its best level since late February.

Treasuries finished the day on their highs, sending the 10-yr yield lower by six basis points to 4.41%.