Stock Market Update

[BRIEFING.COM] The major averages are little changed from previous levels, currently sitting mixed for the day. 

There is considerable news coverage surrounding the summit between President Trump and Russian President Vladimir Putin, with the two leaders greeting each other in Alaska. 

Reports suggest that President Trump will be joined by Secretary of State Marco Rubio and envoy Steve Witkoff in the discussions, presumably with their Russian counterparts. 

Bloomberg reports that the U.S. is considering sanctions on Russian oil companies Rosneft PJSC and Lukoil PJSC if the Russian president does not agree to a ceasefire.

The market has largely ignored developments around this summit, with this week's action focused on economic data and FOMC monetary policy expectations.

Separately, crude oil settled 1.9% lower today at $62.73 per barrel. The energy sector (-0.1%) holds a modest loss for the day.