Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.9%) is holding onto its early gain, which has lifted the benchmark index to within 70 points of its record high from early February (6147). This makes for a continuation of the market's impressive rally off the April low, which marked the lowest level since January 2024.

The market is now up more than 25% off its April low, overcoming ongoing tariff-related uncertainty. Earlier today, FT reported that the EU is preparing retaliatory tariffs in an attempt at getting a better trade deal from the U.S.

Nine sectors remain in the green with three up 1.0% or more while energy (-1.0%) sits at the bottom of today's leaderboard.