The S&P 500 is sniffing out the 5,000-level helped by the majority of the “Magnificent 7” club, which are higher this afternoon. Cybersecurity stocks are getting a boost following Fortinet’s (FTNT) quarterly results and guidance.

Consumer Discretionary (XLY) is rocking big time, but so is Technology followed by Industrials (XLI) and Materials (XLB).

All eyes continue to be on earnings. After the bell, we get results from Disney (DIS). Investors will focus on the company’s guidance amid its recent password crackdown, which it announced earlier this month.

Solid 10-year auction this afternoon strengthened today’s move.

• The high yield of 4.093% when issued vs. 4.093% pre-sale
• Close to 19.64% allocated at the high

All the major indices are trading firmly in the green.