Stock Market Update

[BRIEFING.COM] The market-cap weighted S&P 500 is -1.8% lower and the Invesco S&P 500 Equal Weight ETF (RSP) is 1.9% lower in today's broad retreat.

All 11 S&P 500 sectors are lower and eight of the them show gains larger than 1.0%. The financial (-3.9%) and consumer discretionary (-3.0%) sectors are the worst performers by a decent margin. The sectors comprise 25% of the index by market capitalization. 

Citigroup (C 70.96, -6.23, -8.1%), Bank of America (BAC 42.08, -3.48, -7.6%), Wells Fargo (WFC 71.35, -5.68, -7.4%), Tesla (TSLA 262.32, -22.35, -7.9%), Best Buy (BBY 73.73, -13.01, -15.0%), and Amazon.com (AMZN 199.57, -5.38, -2.6%) are among the top decliners from their respective sector. 

On the flip side, the consumer staples sector shows the slimmest loss, down 0.4% from yesterday due to buying interest in some defensive-oriented names.