The major averages remain firmly higher with the Nasdaq (+2.7%) continuing its leadership over the S&P 500 (+1.8%) and Dow (+1.1%). Coupled with gains from the past two days, today's advance has lifted the key indices to levels not seen since the first week of May, reflecting hopes for a rebound after the S&P 500 flirted with bear market territory just a week ago. Interestingly, the market has climbed strongly in recent days even though crude oil returned to its May high. All eleven sectors remain in positive territory with 90 minutes left in the session. Technology (+2.8%) and consumer discretionary (+2.5%) remain atop the leaderboard while the consumer staples sector (+0.6%) underperforms.