Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.7%), Nasdaq Composite (-0.9%), and DJIA (-0.9%) are slowly but steadily rising from their opening lows as losses begin to narrow.

Crude oil remains firmly higher near the $111 per barrel mark, which is putting pressure on airlines and cruise lines such as United Airlines (UAL 89.56, -5.52, -5.80%), United Airlines (UAL 89.54, -5.54, -5.83%), and Carnival (CCL 25.06, -1.52, -5.72%).

Weakness across airlines weigh on the industrials sector (-0.9%), while the consumer discretionary sector (-1.7%) holds the widest loss so far, though it is worth mentioning TSLA is a mega-cap laggard this morning.