The Market opened higher, but has given up most profits and is now at the lows of the session.

The rally stalled after the New York Fed released its March one-year inflation expectations, which climbed to 3.6% from 3.1%.

The Volatility Index (VIX) is falling below its key level of 35.

The Ten-Year Treasury Yield (TNX) is down 8.6 basis points and at 4.407%.

Only two sectors are in the red. Consumer Discretionary (XLY) is the laggard, followed by Energy (XLE). Meanwhile, Real Estate (XLRE) and Utilities (XLU) are neck to neck for the leading spot.

The race to onshore production is accelerating as companies work to reduce reliance on foreign manufacturing and avoid tariffs. Notably, Nvidia (NVDA) is planning investments of $500B over the next four years and announced they will work with several local manufacturers, including Foxconn and Taiwan Semiconductor (TSM), to produce Blackwell chips and AI supercomputers domestically.