It has been a rather dull session with the major indices in and out of the red.  Five of the 11 S&P 500 sectors are positive with Technology the top performer. Chipmakers are having a good showing today up 0.4% on the day. 

Apple (AAPL), Microsoft (MSFT), and NVIDIA (NVDA), are among the top performers today. 

Energy is the worst performing sector as WTI crude continues to slip down 2.8% to $96.75 per barrel.

On the economic front, the June ISM Non-Manufacturing Index was better than expected at 55.3% vs expectations for 54.2%. The prior month’s read was 55.9%. While activity was better in June, this was the third month of slower growth amid labor constraints, pricing pressures and supply chain issues. 

Speaking of labor shortages, the  JOLTS (job opening and turnover report) for May showed 11.24 million job openings compared to April’s revised 11.681 million. 

The release of Federal Reserve minutes from its June 14-15 meeting shows that another increase of 50-75 basis points "would likely be appropriate" at the next meeting.  At this point, the Fed seems to be willing to continue tightening despite growth risk. 

The news hasn't moved the needle much.