Major indices are trading at their best levels of the session as investors digest this morning’s inflation data. The S&P 500, Nasdaq Composite, and Dow Jones Industrial all set new record highs this morning.

The hope for broadening the rally is getting stronger, with the number of components trading above their 50-day moving average surging to well over half.

Aside from some profit taking in some big-tech winners, it is mostly green across the screen on the heat map.

Almost all sectors are in the green, with Consumer Discretionary (XLY) in the lead, getting a boost from Tesla (TSLA) and cruise liners. The only sector in the red is Energy (XLE), as oil prices also slide.

The Ten-Year Treasury Yield (TNX) is continuing to head lower, moving down 2.8 basis points today.

Mortgage rates are moving lower, logging their biggest weekly drop of the year, and moving to their lowest levels since October of 2024.

The U.S. treasury ended this week on an excellent note with a strong 30-year auction. The bid-to-cover ratio (2.38) was a little below average (2.41), while indirect takedown (62%) also came below the 12-auction average (64.7%). Yields hover below their highs following this result.