Stock Market Update

[BRIEFING.COM] After a notable slide in the later morning hours, the major averages now trade in a relatively tight range just above session lows.

Breadth figures worsened throughout the sell-off, with decliners now outpacing advancers by a 7-to-6 ratio on the NYSE and a greater than 2-to-1 ratio on the Nasdaq.

NBC News reported that the U.S. and China have agreed to extend their lower tariff truce an additional 90 days past the August 12 deadline as trade negotiations continue between the nations. This outcome was largely expected and has done little to stir the markets.