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April 17, 2025 at 1:35 p.m. EST
Stocks are higher heading into the long holiday weekend. The S&P equal-weight is outperforming, up about 1%. The Russell 2000 is also up about 1%. Earnings continue to be generally positive with limited guidance downside despite the well-discussed uncertain environment. Energy is leading today as Brent crude continues to move back toward the key $68 level. Staples, Utilities, Real Estate are also trading well today. Downside is limited with Tech lagging. Treasury yields are backing up this morning after declining over the past three days, especially at the long end.
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