The broader market is holding up following the U.S. President Trump and Ukrainian President Zelensky meeting.

Nine sectors are trading higher this afternoon. Consumer Discretionary (XLY) is leading, driven by gains from Tesla (TSLA), Ford (F) and General Motors (GM), ahead of next week’s likely implementation of tariffs on imports from Canada and Mexico. Health Care (XLV) is the worst performer driven by weakness in hospital stocks.

On the economic front, the Atlanta Fed GDPNow is now projecting a contraction of -1.5%, from 2.3% last week.

Net exports declined to 4%, likely a one-time hit due to tariffs.

The recent Kansas City Fed Services survey indicates the recent trade policy change will not affect their firms’ demand or revenues.

Chicago PMI rose to 45.5, surpassing the consensus of 40.8, and its previous reading of 39.5. The index is still at a contractionary level, but this is encouraging.

Have a nice weekend.