Stock Market Update

[BRIEFING.COM] The S&P 500 continues to hover near its unchanged level heading into the final hour of the session.

President Trump confirmed the details of a trade deal with Indonesia via Truth Social, in which Indonesia will purchase $15 billion in U.S. energy, $4.5 billion in American agricultural products, and 50 Boeing (BA 231.85, +1.34, +0.6%) jets. 

Additionally, Indonesia will pay a 19% tariff on exports to the U.S., while U.S. exports to Indonesia are to be tariff and non-tariff barrier free. 

The major averages are little changed following the announcement, instead keeping in line with today's trend of strength in the technology sector (+1.6%) and weakness in most other areas, with rising interest rates acting as a headwind. 

Separately, crypto-related stocks have come under some pressure with news of the House procedural vote on cryptocurrency legislation failing by a vote of 196-222.