The major indices opened the day higher, trying to claw back some of yesterday’s losses, which were the sharpest one day hit since March 16.  While still higher, albeit slight, they have all given up ground as investors continue to evaluate the market’s stellar run over the past 10 weeks and digest the Fed’s comments about the future of the economy.

Travel related stocks are back in vogue today. American Airlines (AAL) released an update to its outlook and stated its demand and cash burn trends are improving.  The stock is up 18% on the news and it is helping to lift the sector. 

WTI crude is down 0.3% to $36.23 after a huge decline yesterday, yet Energy is up on the day.  The dollar is up slightly, but it is still on track to be down for the week.  Treasuries rose and the benchmark 10 year is now .070%. Additionally, Gold is continuing yesterday’s 1.1% rise and is up another 0.5% to $1749.  

All S&P 500 sectors are in the green today, with Financials leading the way higher.   

Have a great weekend.  Stay safe and be well.