Major indices are moving higher as investors assess today’s economic data. In addition, the Supreme Court didn’t release its decision on Trump’s tariffs, with the ruling now expected next Wednesday.

Nearly every sector is in the green, with Materials (XLB) leading the way up as metal commodity prices rebound following recent consolidation. The runner up is Utilities (XLU), which got a boost from nuclear components, following Meta Platforms (META) making new power deals with Vistra Corp. (VST) and Oklo (OKLO).

The worst performer is Health Care (XLV), which is seeing a marginal dip.

The Michigan Consumer Sentiment Index edged up to 54 from 52.9, beating forecasts of 53.5. This came with lower income households showing the greatest improvement.

Notable Points:

• Consumer Expectations rose to 55 from 54.6
• Current Conditions rose to 52.4 from 50.4
• Year ahead inflation expectations were flat at 4.2%
• 5 year inflation expectations edged up to 3.4% from 3.2%