Stock Market Update

[BRIEFING.COM] The major averages continue to hover near their session highs in a day that has seen broad-based participation, with nine sectors poised to close in positive territory.

Real estate (-0.9%) and consumer staples (-0.3%) lag behind the broader market.

The top-weighted technology sector (+0.7%) tracks the S&P 500 (+0.7%), with Apple (AAPL 200.92, -0.64, -0.32%) restraining further gains. Financial Times reports that Apple is revising its app-store policies to avoid fines from the EU. Most notably, the company will now allow iOS apps to be offered outside of the Apple App Store.

Separately, the 2-yr note yield settled the day down six basis points at 3.72%, while the 10-yr note yield settled down four basis points at 4.25%. Aside from a large slate of economic data and a 7-yr note auction, the market also digested a report that President Trump is thinking about announcing a replacement for when Fed Chair Powell's term ends in May 2026 by September or October, if not sooner.