Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.4%) and DJIA (-0.7%) continue to hold losses similar to that of previous updates, while the Nasdaq Composite sits unchanged as the information technology (+0.2%) and consumer discretionary (+0.1%) sectors sit on one of several crests above their flatline in what has been a somewhat choppy session for them today. 

The health care sector (-1.7%) remains near the bottom of today's standings, facing pressure from managed care names such as Humana (HUM 259.05, -15.69, -5.71%) and Centene (CNC 38.66, -1.78, -4.41%). NBC News reported earlier this afternoon that House Speaker Mike Johnson announced the House will not vote on an extension of Affordable Care Act subsidies but will instead vote on a Republican-backed healthcare plan tomorrow. 

The news all but guarantees that the subsidies will expire at the end of the year, though it seems as if the market was largely expecting this outcome, as the aforementioned companies incurred the bulk of their losses before the news broke.