Stock Market Update

[BRIEFING.COM] The slow, steady decline off session highs that began mid-morning continued over the last half hour. The three major equity indices hit fresh session lows with losses ranging from 0.5% to 1.8%. The Dow Jones Industrial Average is a relative outperformer, trading around its prior close.

Small and mid cap stocks are hit the hardest in today's pullback. The Russell 2000 trades 1.7% lower and the S&P Mid Cap 400 shows a 1.0% decline.

The downturn coincided with today's weak $58 billion 3-yr note auction, along with headlines indicating that 104% tariffs on imports from China go into effect at midnight tonight.