Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.9%), Nasdaq Composite (+1.5%), and DJIA (+0.3%) are maintaining their early gains.

With tech stocks back in the driver's seat today, it is not surprising that the defensive utilities (-0.9%) and consumer staples (-0.2%) sectors are underperforming today, especially given the fact that the sectors notched solid gains during Friday's tech-driven selloff.

Meanwhile, the health care sector (+0.4%) trades higher, with its largest component, Eli Lilly (LLY 1162.84, +31.42, +2.78%), trading higher after weekend data strengthened the case that its obesity franchise is becoming a multi-asset platform rather than a single injectable-product story. The biggest driver appears to be new retatrutide data showing substantial weight loss and meaningful improvements across obesity-related comorbidities, alongside fresh support for LLY's recently launched oral GLP-1, Foundayo/orforglipron.