[BRIEFING.COM] The major averages continue to trade a touch above their session lows at midday.
The financials sector (+0.2%) has spent the session wrestling with its unchanged level, making it a relative outperformer amid today's broad weakness. Insurance names such as Arthur J. Gallagher (AJG 215.02, +5.34, +2.55%) and Aon (AON 325.14, +8.14, +2.57%) are among the outperformers, while major banking names trade mostly higher, though the gains are more modest.
However, asset manager names including Blackstone (BX 110.64, -2.83, -2.49%) and BlackRock (BLK 957.85, -11.75, -1.21%) are underperforming as private credit concerns continue to drive volatility across the group.