Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.55%) is down about 32 points, having slipped to session lows in the last half hour.

Elsewhere, S&P 500 constituents KLA Corporation (KLAC 711.86, -117.79, -14.20%), APA Corp. (APA 25.20, -1.50, -5.62%), and Wynn Resorts (WYNN 99.46, -4.49, -4.32%) dot the bottom of the standings. KLAC slips in reaction to the widely-covered earnings and guidance leak from ASML (ASML 723.96, -148.31, -17.00%), APA falls in part due to 4.6% losses in crude oil futures, while WYNN (which gets a decent portion of its business from China) losses stem from press reports that President Xi's intention related to stimulus efforts is to prevent a financial crisis but not massively stimulate demand.

Meanwhile, Charles Schwab (SCHW 72.83, +5.01, +7.39%) is one of today's top gain getters as Q3 earnings beat expectations, and the company's debt reduction efforts signal recovery from last year’s turmoil.