Stock Market Update

[BRIEFING.COM] The major averages are once again advancing to their session highs from this morning as the S&P 500 is now up 0.4%.

Financials (+0.7%) still lead the way as news of all 22 tested institutions passing the Fed's stress test and hopes of eased future regulations have the sector advancing on the final trading session of the quarter.

The consumer discretionary sector (-0.8%) continues to underperform today with notable declines in top components Amazon (AMZN 219.65, -3.65, -1.64%) and Tesla (TSLA 318.06, -5.57, -1.72%). NIKE (NKE 70.61, -1.43, -1.99%) has also seen some profit taking after shares surged 15% last week following a positive earnings report.