Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.1%), Nasdaq Composite (-0.1%), and DJIA (+0.4%) continue to drift sideways shortly after midday in what is becoming an increasingly quiet session from a news perspective.

The financials sector (-0.8%) has steadily trended lower throughout the day, with pressure mounting across investment manager names such as Raymond James (RJF 143.43, -8.70, -5.72%) and Ameriprise Financial (AMP 439.19, -16.31, -3.58%).