After the news on the weak payroll numbers was released, most major stock indexes traded lower. However, the markets and exchange traded funds (ETFs) have regained some position as traders look to capitalize on an oversold market.
The S&P 500, which is currently down 0.41%, has slowly inched up since earlier trading, with broad loses in nine of the 10 industry groups. The SPDR S&P 500 (NYSEArca: SPY) is down 0.39%.
The extended trading loses in major sectors has started to recede, with financial sector stocks taking the lead.
Bank of America (NYSE: BAC) is up 1.15%, JP Morgan Chase (NYSE: JPM) is up 1.35%, Citigroup (NYSE: C) is up 0.51% and Wells Fargo (NYSE: WFC) is up 0.19%. The Financial Select Sector SPDR (NYSEArca: XLF) is up 0.13%.