Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.2%), Nasdaq Composite (-0.4%), and DJIA (-0.2%) trade in a steady range with modest losses shortly after midday. 

Real estate listing stocks such as CoStar Group (CSGP 63.32, -4.90, -7.19%), Zillow (ZG 66.07, -6.31, -8.72%), Rocket Companies (RKT 17.94, -0.76, -4.09%), and RE/MAX Holdings (RMAX 8.07, -0.42, -4.95%) are trading sharply lower today after Aim Group reported that Alphabet (GOOG 306.81, -3.71, -1.19%) is aiming to test real estate listings by putting them directly in its search results. 

The news has not had an outsized effect on the real estate sector (-0.3%), which is primarily composed of REITs (Real Estate Investment Trusts), as only CoStar Group is a component of the sector.