U.S. Markets Gain On Economic Data
U.S. markets are back on the move higher, trading near their session highs as the lunch hour begins on Wall Street.
Currently, the S&P 500 is trading higher by 0.49%, with the Dow higher by 0.11% and the Nasdaq up by 0.70%.
The financial sector is back in the lead as investors remain excited about the prospects for banks and other financial institutions as the U.S. prepares for a Donald Trump administration.
The consumer discretionary space is also showing a healthy gain today with the homebuilders leading the way higher after U.S. housing starts came in better than expected earlier today.
U.S. Treasury yields continue rising today, which has put pressure on the defensively oriented sectors such as utilities, real estate, and consumer staples.
The energy sector had been performing well earlier in the day but has pulled back headed into the lunch hour as strength from the USD is overshadowing more gains from crude today.