Stock Market Update

[BRIEFING.COM] The major averages are now all seated in negative territory after sliding from their opening highs. 

The information technology sector (-0.2%) opened today's session with the widest gains but now faces broad losses across its constituents. Apple's (AAPL 219.93, +6.68, +3.13%) continued outperformance helps prevent a further loss, and there is still relative strength among chipmakers, as Advanced Micro Devices (AMD 171.26, +8.14, +4.99%) recovers the bulk of yesterday's loss that followed the company's earnings report. 

With the exception of the health care sector (-1.5%), which faces pressure in its largest constituent, Eli Lilly (LLY 639.59, -106.78, -14.31%), defensive sectors are outperforming today, as utilities (+1.2%) and consumer staples (+0.8%) are the only S&P 500 sectors with gains greater than 0.5%.