Stock Market Update

[BRIEFING.COM] The major averages trade near their best levels of the day, as the S&P 500 is currently up 0.2%.

There has been a steady mechanical upward trend following a slow morning that saw the majority of sectors open in negative territory. Only the energy (-1.0%), materials (-0.4%), and health care (-0.1%) sectors remain in the red, and even these sectors have rebounded from their session lows in a similar trend to the broader market.

The information technology sector (unchanged) has shed some losses in its mega-cap components after being down as much as 0.8% this morning. 

The communication services sector (+0.9%) continues to climb as the day's top performer as Alphabet (GOOG 182.70, +1.39, +0.77%) now sports a healthy gain after being down in the early trade. 

Netflix (NFLX 1268.10, +22.99, +1.9%) widens its gains ahead of its earnings release on Thursday.