Major indices are moving marginally lower so far, despite the typical seasonal bullishness today.

The session currently sees advancers and up volume lag behind decliners and down volume. New highs outweigh new lows on the NYSE, but are behind on Nasdaq. Notably, volume is especially light in today’s post-Christmas trading session.

Meanwhile, metal commodities are continuing to head higher, with copper approaching its prior high.

There are only two sectors in the green today, with Materials (XLB) in the lead and getting a boost from continued strength in metal commodities. Meanwhile, Technology (XLK) is the other advancer and getting a boost from Nvidia (NVDA), after the company announced an agreement to license chip technology from the startup Groq, on Wednesday afternoon.

On the flip side, Energy (XLE) is lagging, as oil prices falter on rising expectations of peace in the Russo-Ukrainian War, with Zelensky expected to meet with Trump to discuss the peace process. Consumer Discretionary (XLY) is also lagging, with Tesla (TSLA) contributing to the move lower, after US safety officials indicated they are evaluating complaints tied to emergency door releases in certain Model 3 vehicles.

So far, the average S&P 500 (SPX) target amongst Wall Street firms is $7,635, representing an approximate 10.23% increase from today’s price.