Stock Market Update

[BRIEFING.COM] Things are little changed at the index level in recent action. 

Bank stocks are weak today, leading to a 3.6% decline in the SPDR S&P Regional Banking ETF (KRE) and a 2.2% decline in the SPDR S&P Bank ETF (KBE). This follows a negative reaction to below-consensus earnings from New York Community (NYCB 6.76, -3.16, -34.8%), which also reduced its dividend. 

The S&P 500 financial sector is holding up okay, though, thanks to gains in some influential components like Goldman Sachs (GS 391.28, +4.41, +1.1%) and Morgan Stanley (MS 88.37, +0.74, +0.8%). NYCB is not a sector component, so MarketAxess (MKTX 241.79, -32.54, -11.9%) is the worst performer thus far, down sharply on disappointing earnings and/or guidance.