The market has moved off session lows and most major indices are edging into the green.

Seven sectors are higher, with Health Care (XLV) in the lead and getting a boost from Eli Lilly and Company (LLY) after they received European oncology approval for their blood cancer drug Jaypirca. Meanwhile, Consumer Discretionary (XLY) is the runner up with auto parts and travel companies contributing to the move, as oil continues to move lower. Meanwhile, AI names in Industrials (XLI) and Technology (XLK) are lagging due to the OpenAI IPO delay. Although software names are catching a bid today.

Notably, Trump stated on Truth that any country looking to implement a digital service tax on an American company would be hit with a 100% tariff.

The Michigan Consumer Sentiment Index was revised higher to 49.5 in June from 48.9, but remained below estimates of 50.

Have a great weekend!