Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.4%), Nasdaq Composite (+0.4%), and DJIA (+0.3%) are charting session highs following a move by the information technology sector (+0.5%) into positive territory and a broadening of gains elsewhere. 

The materials sector (+0.8%) is off to a solid start this morning. Albemarle (ALB 166.81, +7.88, +4.96%) makes a nice rebound after a post-earnings slide, while Newmont Corporation (NEM 124.52, +6.40, +5.42%) is higher amid increasing gold and silver prices. 

Meanwhile, Steel Dynamics (STLD 192.66, -6.85, -3.43%) and Nucor (NUE 184.79, -4.02, -2.13%) move lower after White House Trade Advisor Pete Navarro told CNBC that the Financial Times report that claimed President Trump would lower tariffs on steel goods has "no basis in fact."