Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.2%), Nasdaq Composite (-0.4%), and DJIA (-0.1%) currently sit with modest losses amid a somewhat turbulent session that has seen the major averages flip back and forth between positive and negative territory. 

The technology sector (-0.6%) lags due to weakness in chipmaker names, pushing the PHLX Semiconductor Index 1.5% lower. 

Weakness in the market's largest names has the S&P 500 Equal Weighted Index (+0.2%) outperforming the market-weighted S&P 500 (-0.2%).

Meanwhile, the consumer staples sector outperforms, with a majority of names trading higher and Kenvue (KVUE 15.34, +1.22, +8.68%) recovering the bulk of yesterday's retreat. 

The financials sector (+0.4%) also maintains a gain, supported by strong earnings reports from names such as American Express (AXP 339.65, +16.53, +5.12%) and Fifth Third (FITB 40.92, +0.56, +1.38%). Regional banking names such as Zions Bancorp (ZION 48.06, +1.13, +2.41%) also trade higher after yesterday's sharp retreat amid lending quality concerns across the industry. 

Outside of the S&P 500, the small-cap Russell 2000 (-0.8%) underperforms, while the S&P Mid Cap 400 (-0.1%) holds a more modest loss.