Stock Market Update

[BRIEFING.COM] The major indices exhibited some up and down action, albeit in relatively narrow ranges, over the last half hour. 

Retailers have underperformed the broader equity market following this morning's retail sales report for January, which showed a decline in spending on goods, something that can be attributed in part to abnormal weather. The SPDR S&P Retailer ETF (XRT) sports a 0.4% decline. 

This price action has contributed to the decline the discretionary sector, trading 0.4% lower.