Stock Market Update

[BRIEFING.COM] The major indices set new intraday highs in recent trading. The S&P 500 is less than 50 points away from its 200-day moving average (5,747).

There's a pro-cyclical slant to today's trade as markets respond to pleasing trade deal news, along with some pleasing initial jobless claims data. The energy (+2.4%), discretionary (+2.0%), and industrial (+2.0%) sectors lead the ten S&P 500 sectors trading up.

On the slip side, the defensive-oriented health care sector is alone in negative territory, trading 0.3% lower, and the consumer staples sector holds the slimmest gain (+0.1%).