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MARKET UPDATE

[BRIEFING.COM] As expected, the major averages began the trading day in negative territory. The S&P 500 trades lower by 0.5% with nine sectors showing early losses.

Overall, the six cyclical groups are a bit weaker than the four defensively-oriented sectors. Consumer discretionary (-0.6%), financials (-0.6%), industrials (-0.6%) and technology (-0.5%) are among the notable underperformers, while health care (-0.2%) and utilities (+0.2%) trade a bit ahead of the broader market. ... More

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