Stock Market Update

[BRIEFING.COM] The market opened to early gains as the S&P 500 (+0.4%) approaches all-time high levels.

Ten sectors opened in positive territory with energy (+0.3%), health care (+0.6%), and materials (+0.7%) among the early gainers, as real estate (-0.%) lags behind.

Crude oil prices  have extended yesterday's rebound to $65.48 per barrel, an increase of $0.56 or 0.9%.

Treasuries have also seen early strength with the 10-yr note yield down three basis points to 4.27%.

Just released, the Pending Home Sales report for May showed an increase of 1.8% (Briefing.com consensus 0.4%) after decreasing an unrevised 6.3% in April.