Stock Market Update

[BRIEFING.COM] The major averages are little changed from previous levels, continuing to trade with decent gains despite the broader market skewing lower. 

The financials sector (+1.0%), however, is among the outperformers today. Coinbase Global (COIN 177.52, +15.49, +9.56%) leads the advance following a release late yesterday that the company is expanding into stock trading for all U.S. customers. A nice 5% bounce in bitcoin adds to the positive tone and sends Robinhood Markets (HOOD 76.29, +2.90, +3.95%) higher as well. 

Elsewhere in the sector, major banking names such as Citigroup (C 112.54, +2.98, +2.72%) and Wells Fargo (WFC 86.60, +2.03, +2.40%) trade higher after a tough start to the week.