Stock Market Update

[BRIEFING.COM] The major averages trade in a relatively stable range as investors anticipate this afternoon's FOMC decision. 

The financials sector (+1.0%) is one of several sectors off to a strong start this morning after closing with a modest loss yesterday. 

American Express (AXP 336.99, +9.95, +3.04%) is the sector's top advancer, with today's gains moving the stock within 0.1% of its 52-week high. 

Bank of America (BAC 51.41, +0.75, +1.48%) also trades higher, with the company announcing an increase to its military hiring, committing to add 10,000 more individuals with military backgrounds over the next five years as the bank strengthens its focus on skills-based hiring and its commitment to creating new opportunities and supporting the growth of the U.S. economy.