The S&P 500 rose to five-month high price levels on Tuesday and clocked the fourth consecutive daily gain. However, the S&P 500 opened lower on July 11 and declined as the day progressed. On Wednesday, ten out of 11 major S&P 500 sectors closed the day lower. Weakness in the energy, materials, and industrials sectors weighed on the market. However, strength in the utilities sector limited the market’s loss.