Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.4%) remains in negative territory with seven sectors holding losses, while health care (+0.3%) is among today's pockets of relative strength.

Despite the broader market retreating today, the countercyclical nature of the sector is attracting interest at a time when the market questions the strength of economic growth in the near term.

Relative strength in biotechnology names lifts the SPDR S&P Biotech ETF (+1.6%) to its best level since December.

Despite the majority of names trading higher, a weak showing from top component Eli Lilly (LLY 730.12, -12.78, -1.72%) prevents further gains.