Crude futures tag $85 then turn around
The S&P 500 is up 0.4% to trade slightly off prior highs but is still on track to close at a record high. One last look at the sector perspectives shows consumer discretionary (+2.0%), energy (+1.4%), and materials (+1.1%) outperforming with gains over 1.0%. The utilities (-0.4%), financials (-0.2%), and consumer staples (-0.1%) sectors underperform with modest declines. WTI crude futures settled lower by 0.1%, or $0.04, to $83.73/bbl after trading above $85.00 per barrel earlier in the day.