Stock Market Update

[BRIEFING.COM] The stock market continues to adhere to the trading trend, which is to say the indices continue to bleed lower in a deliberate manner.

While there isn't a lot of overt strength to be found today in groups across the market, value as a class is exhibiting relative strength versus growth. The latter seems to be taking some performance cues from an underperforming information technology sector (-1.3%) and semiconductor industry. The Philadelphia Semiconductor Index is down 2.0%.

The Russell 3000 Value Index is flat versus a 0.6% decline for the Russell 3000 Growth Index.

Looking ahead to Monday, the December New Home Sales Report (Briefing.com consensus 680K; prior 664K) is the lone economic release of note on the calendar. The earnings calendar, meanwhile, will feature reports from AT&T (T 22.62, +0.09, +0.4%) and SoFi Technologies (SOFI 17.94, -0.09, -0.5%) before the open.