Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.4%) is continuing its bounce off morning lows with four sectors now trading higher and energy (+1.4%) maintaining its lead.

The energy sector has been a notable standout over the past couple weeks, rising alongside crude oil. The sector has climbed 5.4% since last Friday's close and is now up 7.7% since the end of May. Meanwhile, crude oil is up $7.52/bbl, or 11.6%, for the week, and up $10.27/bbl, or 16.6%, for the month.

Today's rally in the energy sector is lifting many names to multi-week highs. Halliburton (HAL 22.96, +0.98, +4.4%), APA (APA 20.70, +0.75, +3.8%), Diamondback Energy (FANG 153.95, +4.62, +3.1%), EOG Resources (EOG 124.57, +3.98, +3.3%), Exxon Mobil (XOM 111.60, +1.87, +1.7%), and ConocoPhillips (COP 96.04, +1.35, +1.4%) have all climbed to levels last seen in early April while Chevron (CVX 145.41, +0.44, +0.3%) did the same before finding some resistance.