Market Update

The major equity averages continue to chop along with modest gains. Despite a slow start, financial stocks have emerged as a source of leadership. Their newfound strength has the sector sporting a 0.7% gain. Shares of diversified financial services stocks like Citigroup (C 32.92, +0.80) and JPMorgan Chase(JPM 39.81, +0.49) are outperforming in the financial space.

Utilities stocks remain at the opposite end of the spectrum, mired in negative territory with a 0.5% loss. Consumer Staples, down 0.2%, is the only other sector in the red. DJ30 +33.56 NASDAQ +16.75 SP500 +4.58 NASDAQ Adv/Vol/Dec 1595/385 mln/680 NYSE Adv/Vol/Dec 1935/150 mln/870

Market Update