Stock Market Update

[BRIEFING.COM] The major averages trade in a steady range, a touch off session lows, as the market enters the final half hour of today's session. 

Consumer credit increased by $0.4 billion in August (Briefing.com consensus: $13.1 billion) following an upwardly revised $18.0 billion increase (from $16.0 billion) in July.

The key takeaway from the report is that the expansion in consumer credit was miniscule in August due to a decrease in revolving credit, which saw its biggest decrease since March.