Stock Market Update

[BRIEFING.COM] The major indices are moving mostly sideways near session lows.

Homebuilder stocks are outperforming the broader market after earnings results from D.R. Horton (DHI 173.78, +16.27, +10.3%). DHI is the top performing stock in the S&P 500 and is contributing to the upside action in the SPDR S&P Homebuilder ETF (XHB), which sports a 1.0% gain. 

Still, the S&P 500 consumer discretionary sector trades 1.0% lower despite strength in its homebuilder components and a gain in Tesla (TSLA 253.50, +4.92, +2.0%). A sizable decline in shares of Amazon.com (AMZN 182.57, -5.39, -2.9%) has contributed to the sector's performance.

Domino's Pizza (DPZ 411.62, -61.61, -13.0%) is the worst performer in the sector after reporting earnings. DPZ is also the worst performer in the S&P 500.