Afternoon Update

The S&P 500 (+0.2%), Nasdaq-100 (+0.5%), and DJIA (+0.2%) still hold on to today’s modest advance, though they now sit beneath earlier session highs. Just 3 of 11 sectors are higher, all of them mega cap heavy, up from 0.2% to 0.85%. Rate sensitive countercyclicals are at the bottom of the leaderboard despite lower yields,…