Stock Market Update

[BRIEFING.COM] There isn't much to be said today for the "action" in the market cap-weighted S&P 500, which has moved in a tight trading range with 6,108.94 at the low and 6,125.39 at the high.

There is more to be said for the broader market, which is enjoying an upbeat session, evidenced by the 0.7% gain in the S&P Midcap 400 Index, the 0.5% gain in the equal-weighted S&P 500, and the 0.4% gain in the Russell 2000.

The Dow Jones Industrial Average for its part sports a modest 0.2% decline with UnitedHealth Group (UNH 504.90, -18.61, -3.6%) at the helm of that retreat, yet a 1.2% gain in Goldman Sachs (GS 668.42, +7.87, +1.2%) has acted as a mitigating factor for the price-weighted average.

Nike (NKE 76.11, +3.07, +4.2%), which announced a new brand, NikeSKIMS, is the biggest mover in the Dow on a percentage basis.