Stock Market Update

[BRIEFING.COM] Trading activity isn't at a standstill in the wake of CrowdStrike's (CRWD 307.54, -35.51, -10.5%) technical update problems, yet the market is acting a bit like it is stuck in mud. The exchanges have said they are operating normally, but we can attest that our data provider, as well as The Wall Street Journal's market data page, has yet to provide price change information for the Russell 2000.

We do see modest changes for the Dow, Nasdaq, and S&P 500 that reflect an understandable lack of conviction, knowing that the CrowdStrike issue has had a ripple effect for many individual users as well who are tied into corporate networks running off Microsoft's operating systems.

On the sector front, we are seeing early outperformance from the communication services (+0.8%) and health care (+0.4%) sectors, and early underperformance from the materials (-0.9%), financial (-0.4%), consumer discretionary (-0.4%), and information technology (-0.4%) sectors.