Stock Market Update

[BRIEFING.COM] The major averages hover just below their unchanged values, with the S&P 500 down 0.1%. 

The overarching trends of today's trade are holding as the market heads into the final hour of trading, notably that small-cap and mid-cap stocks are outperforming the broader market on a day with decidedly positive breadth figures, as the mega-caps underperform.

Shares of mining company Freeport-McMoRan (FCX 46.48, +1.35, +3.0%) ticked higher after President Trump announced a 50% tariff on copper, which has helped the materials sector (+0.7%) emerge as one of the strongest performers of the day. 

A closer look at the May Consumer Credit, which showed an increase of $5.1 bln following a downwardly revised $16.9 bln (from $17.9 bln) in April, shows the increase was driven entirely by nonrevolving credit, which was up $8.6 bln.