Most major indices are in the red, with the notable exception of the Russell 2000.

Natural gas is surging ahead of the summer and an expected increase in power demand.

Three sectors are in the green this afternoon. Utilities (XLU) is the best performer, while Energy (XLE) is the worst performer driven by the weak performance in oil.

D-Wave Quantum (QBTS) is getting a boost after the company made its Advantage2 quantum system available through the cloud to the general public for the first time ever. The computer boasts over 4,400 qubits.

On the economic font, the Philadelphia Services Index saw a slight improvement to -41.9 vs. -42.7 prior.

• New Orders: -16.3 vs. -6.9 prior
• Sales: -5.5 vs. -7.8 prior
• Prices Paid: +29.6 vs. +46.5 prior
• Full-time employment: +11.3 vs. -7.2 prior

President Trump is set to make announcements about his Golden Dome project with Defense Secretary Hegseth at 3 PM EST today, which could benefit defense stocks.