The market is moving higher, with the S&P inching closer to its prior high at 6,147.43.

Oil continues to show some resilience after the steep sell off earlier in the week, while natural gas continues to decline.

The Magnificent Seven are moving higher, with the only exception being Apple (AAPL).

The only sectors in the red are Consumer Staples (XLP) and Real Estate (XLRE) as investor shift to “risk on” sectors. Energy (XLE) is leading the way driven by the aforementioned resilience in oil.

Financials are also performing well after bank regulators proposed modification to leverage ratios and following a challenge to certain SEC regulations by Piper Sandler (PIPR) and Stifel Financial (SF).

PCE prices for Q1 were revised to a 3.7% increase from a 3.6% increase, while Core PCE was similarly revised upward to 3.5% from 3.4%. Real GDP growth for the first quarter was revised down to -0.5% from -0.2%.