Stock Market Update

[BRIEFING.COM] The major averages have seen some recent buying, which has lifted the Nasdaq (+0.2%) back into positive territory. The Nasdaq has underperformed this week (-1.0%), but even with the recent weakness, it remains up 4.4% for the week, well ahead of the 2.6% week-to-date gain in the S&P 500.

Early weakness in sectors like technology (-0.2%) and communication services (+0.2%) exerted some pressure on the market, but there has been no rush to sell, leaving most sectors comfortably in the green.

The energy sector (+1.7%) has outperformed from the start and it remains in the lead with help from a rising price of oil.