Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.1%), Nasdaq Composite (-0.2%), and DJIA (+0.1%) sit mixed as the market experiences some early chopiness.

The financials sector (+0.3%) is off to a decent start after a 2.8% loss yesterday that came as regional banking names faced pressure after several names reported they were victims of fraud. 

Earnings beats from names such as Fifth Third (FITB 41.46, +1.10, +2.73%) and American Express (AXP 335.63, +12.51, +3.87%) contribute to an uptick in positive sentiment throughout the sector this morning. 

The consumer staples sector (+0.7%) also outperforms, with Kenvue (KVUE 15.08, +0.96, +6.84%) recouping a nice chunk of yesterday's loss that sent it to all-time lows. 

Meanwhile, the information technology sector (-0.4) is one of the last sectors to remain beneath its flatline, with early weakness in chipmakers pushing the PHLX Semiconductor Index down 0.5%.