Stock Market Update

[BRIEFING.COM] The S&P (500 +0.6%) hovers at session highs after eclipsing the all-time high mark in the first hour of today's session. 

The consumer discretionary sector (+1.1%) outperforms the market today with leadership from apparel names after Nike's (NKE 71.57, +9.03, +14.4%) above-consensus Q4 report, which is fueling hopes that the company's turnaround effort is gaining traction. A strong showing from top component Amazon (AMZN 219.67, +2.55, +1.2%) adds to today's gains. The sector outpaces the broader market this quarter, as it has gained 11.7% in Q2 versus a 10.0% quarter-to-date gain in the S&P 500.

Other notable movers in the sector include Deckers Outdoor (DECK 104.52, +2.60, +2.5%), Royal Caribbean (RCL 303.28, +7.39, +2.50%), and lululemon athletica (LULU 235.04, +3.46, +1.49%).