Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.3%), Nasdaq Composite (+0.2%), and DJIA (+0.2%) opened to a solid continuation of yesterday's strength, though they are now trading at session lows. While the gains are not as wide as those from the previous session, strength remains broad with eight S&P 500 sectors trading higher. 

The energy sector (+1.6%) is the top mover, supported by a rebound in oil prices today, with crude oil currently up $1.44 (+1.5%) to $94.94 per barrel. Despite reports that Iran has attacked energy infrastructure sites in the Middle East, the broader market has shown resilience amid the increase in oil prices. 

While corporate newsflow has been on the lighter side, Delta Air Lines (DAL 63.41, +2.57, +4.22%) makes a nice move higher after raising its Q1 revenue guidance, which in turn has supported other airline names despite a higher price of oil today. However, the industrial sector trades flat, as aerospace and defense names lag today. 

Meanwhile, the health care sector (-0.4%) holds the widest loss as Eli Lilly (LLY 945.96, -43.16, -4.36%) moves lower after being downgraded to Reduce from Hold at HSBC. 

NVIDIA (NVDA 181.92, -1.30, -0.71%) has also moved into negative territory after an eventful previous session, weighing on the information technology sector (-0.1%), which now trades slightly lower. 

Outside of the S&P 500, the Russell 2000 (+0.7%) and S&P Mid Cap 400 (+1.0%) are also retreating from their best levels, though they still outperform the major averages.