Stock Market Update

[BRIEFING.COM] The Nasdaq Composite (+0.4%) leads the major averages, as the S&P 500 (+0.2%) captures a more modest gain, and the DJIA (-0.6%) underperforms. 

The major averages are little changed over the past several hours, with a lack of developments on the trade front or elsewhere keeping the indices trading in a relatively tight range.

Sector strength remains almost evenly split, as six sectors trade in positive territory for the day.

The materials sector (-0.9%) is among the worst performers, as Sherwin-Williams (SHW 339.62, -3.32, -1.0%) trades lower following a disappointing earnings report on Tuesday. 

Elsewhere in the sector, Dow (DOW 24.60, -5.78, -19.02%) is among the worst performers within the S&P 500 after the company missed on EPS expectations and lowered dividends.