Stock Market Update

[BRIEFING.COM] The major averages trade in a relatively tight range as the market enters the final half hour of the session.

Today's gains have been broad-based, as only the energy (-0.2%) and communication services (-0.1%) sectors trade in negative territory. 

The energy sector faced pressure from lower oil prices today, as crude oil futures settled today's session $0.89 lower (-1.4%) at $65.17/barrel, sliding back below its 50-day moving average (65.87).

While the sector has seen some profit-taking today, it still sports a 1.6% gain for the week, which is in line with the 1.5% week-to-date gain of the S&P 500.