Stock Market Update

[BRIEFING.COM] The major averages continue to chart session highs this afternoon, keeping them seated with modest gains for the day.

The industrials sector (+0.8%) maintains its position as the best-performing S&P 500 sector, with shares of GE Aerospace (GE 271.96, +5.34, +2.00%) trading higher after reports that the State Department has made a determination approving a possible Foreign Military Sale to the Government of Poland of F-35 Sustainment and related elements of logistics and program support for an estimated cost of $1.85 billion.

A spokesperson for the Fed said in a statement that Fed Governor Lisa Cook will challenge her firing by President Trump in court, and that the Fed will continut to carry out its duties and abide by any court decision in regards to the firing.