Stock Market Update

[BRIEFING.COM] The major averages trade just below session highs as the market heads into the final hour of today's action, which has largely been driven by encouraging economic data and earnings reports.

The financials sector (+0.9%) has benefitted from a wave of earnings reports from regional banks before the open. Citizens Financial Group (CFG 48.98, +2.02, +4.3%) is the top mover within the sector. The outperformance of the regional banks is also reflected in the KBW Regional Bank ETF (KRE 63.05, +1.14, +1.8%).

American Express (AXP 315.67, +3.77, +1.2%), Truist (TFC 45.08, +0.72, +1.6%), and Charles Schwab (SCHW 92.88, +1.62, +1.8%), which are set to report their earnings before the open tomorrow, are also showing nice gains today.