From Bespoke Investment Group:
In our prior post we noted that the S&P 500 was starting out the week at a key inflection point at the top of its multi-month trading range. As things now stand a couple hours into the trading day, the bulls appear to be winning. As shown below, the S&P has broken above resistance and is now trading at its highest level since mid-May.
So what's leading the market higher today? Of the ten S&P 500 sectors, Consumer Discretionary is up the most with an intraday gain of 1.74%. Energy is up the second most at 1.39%, followed by Industrials at 1.23%. Financials and Technology are both up at least 1% as well. The defensive sectors (Utilities, Health Care, Consumer Staples) are unsurprisingly underperforming today, but the Materials sector is doing the worst with a gain of just 0.55%.
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