[BRIEFING.COM] The S&P 500 (-0.3%), Nasdaq Composite (-0.4%), and DJIA (-0.2%) have at least temporarily stabilized after a sharp downward turn.
The sell-off saw the industrials sector (-0.3%) move beneath its baseline, leaving just four S&P 500 sectors in positive territory.
Recent broader market weakness has benefitted the utilities sector (+0.7%) as investors look to rotate into more risk-averse holdings. The utilities sector now trails only the energy sector (+2.0%) in gains for the day and the week, as the energy sector continues to outperform in conjunction with rising oil prices.