Major indices are moving higher after a bumpy start on the S&P 500, Dow Jones, and Nasdaq.

Five sectors are moving higher, with Health Care (XLV) in the lead.

On the flip side, Energy (XLE) is lagging as oil prices move lower.

On the Fed Governor Cook front, her attorney came out this morning announcing they will challenge Trump’s attempt to fire her.

Economic Data

The Conference Board Consumer Confidence Index fell to 97.4 in August from 98.7 but still above estimates of 96.2.

The Richmond Manufacturing Index rose 13 points to -7 in August, well above estimates of -17.

Notable Points:

• New Orders rose to -6 from -25
• Shipments increased to -5 from -18
• Capacity Utilization expanded to 1 from -14
• Prices Paid increased to 7.24 from 6.65