Stock Market Update

[BRIEFING.COM] The stock market opened to early gains following the June Employment Situation Report, with the S&P 500 up 0.7%.

Eight sectors opened in the green led by technology (+0.8%), financials (+0.9%), and utilities (+0.7%). 

Treasuries remain in the red with the 10-year yield up four basis points at 4.34%, while the 2-year note yield is up nine basis points to 3.88%.

The final reading for the S&P U.S. Global Services PMI came in at 52.9, versus a prior reading of 53.7.

The ISM Services PMI hit 50.8% in June (Briefing.com consensus 50.3%), up from 49.9% in May.

Factory orders were up 8.2% month-over-month in May (Briefing.com consensus 7.9%) following a revised 3.9% decrease (from -3.7%) in April.