Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.41%) is moderately higher from levels half an hour ago, still in last place among the major averages.

Elsewhere, S&P 500 constituents Estee Lauder (EL 100.33, +8.72, +9.52%), United Airlines (UAL 58.90, +4.79, +8.85%), and Wynn Resorts (WYNN 90.89, +6.76, +8.04%) pepper the top of the standings. EL as well as other luxury/beauty retail peers, moves higher in part due to China stimulus headlines and its impact on the group which has a strong presence in the country and has recently reported weak demand for products in the area, with WYNN gaining despite declines in statewide revenue from the Nevada Gaming and Control Board.

Meanwhile, Texas-based oil and natural gas firm Diamondback Energy (FANG 170.30, -10.23, -5.67%) is near the bottom of the average as crude oil prices fall.