The S&P 500 finished ever so lightly in the red, but five of eleven sectors were higher, with Materials (XLB) at the top of the list.

I don’t remember the last time there wasn’t a Technology (XLK) name among the top ten advancers.

The best-performing sectors in yesterday’s trading have lagged since this leg of the rally began on October 27th.

Broadening

The rally is finally broadening in a way that usually becomes stronger.

You must go back to the summer of 2021 when this many names in the S&P 500 closed above their 200-day moving average.

The NASDAQ Giveth

The NASDAQ Composite struggled, while the New York Stock Exchange (NYSE) enjoyed a slight edge of advancers over decliners, but there were only 19 new 52-week lows.

The large and midcap values found some action in a mixture of ‘flight to safety’ and ‘flight to opportunity.’

Today is all about the Consumer Price Index (CPI) report and the spin afterward.

We’ve got you covered.

Today’s Session

The CPI report came in higher than expected on the headline number from a year ago, and core (ex-food and energy) was higher on a yearly and monthly basis.