Stock Market Update

[BRIEFING.COM] The major indices continue to move higher. The S&P 500 shows a 0.6% gain, trading above 5,800.

Leadership from the heavily-weighted financial sector (+1.9%) has helped boost the broader marker thus far after earnings news from some big banks. JPMorgan Chase (JPM 221.95, +9.06, +4.3%) and Wells Fargo (WFC 61.03, +3.28, +5.6%) are standouts in that regard after beating earnings estimates. 

Bank of America (BAC 41.94, +1.97, +4.9%) is another top performer from the sector after news that 10% owner Berkshire Hathaway's (BRK.A / BRK.B) Warren Buffett sold another 9,549,933 shares at $39.74 - $40.38 worth approx. $382.4 mln.