Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.4%), Nasdaq Composite (+0.6%), and DJIA (+0.2%) trade in a steady range above their baselines, as seven S&P 500 sectors trade higher. 

While the information technology sector (+0.9%) paces the advance, it is also home to today's worst-performing S&P 500 name, Fair Isaac (FICO 1785.00, -94.55, -5.03%). 

The stock has been on a run as of late after the company announced a Mortgage Direct License Program, enabling resellers and lenders to license FICO scores directly, reducing reliance on credit bureaus. 

Equifax (EFX 242.23, +4.24, +1.78%) launched a bold challenge to the direct-licensing move, announcing a 50% price cut on its VantageScore 4.0 mortgage credit score and free access for customers who buy FICO scores through 2026. By undercutting FICO’s pricing and tying in free access for existing customers, EFX is directly challenging FICO’s new reseller bypass model.