Stock Market Update

[BRIEFING.COM] It has been an uneventful afternoon trade for the most part, yet we suspect participants are on watch for some late-day gyrations, especially after how yesterday's session ended.

That doesn't mean the gyrations will only have negative connotations. There could just as easily be a late spike as there is a late dunk. For the time being, though, the indices are still respecting sideways trading patterns as neither buyers nor sellers are exhibiting much conviction.

The consumer staples sector (+1.4%) has been a winning standout throughout today's session. The same goes for the real estate sector (+1.4%), which is up following earnings reports from American Tower (AMT 203.94, +11.94, +6.2%) and SBA Communications (SBAC 218.27, +5.43, +2.6%), and as interest comes down.