Stock Market Update

[BRIEFING.COM] The major averages remain little changed from previous levels, trading firmly below their flatlines shortly after midday. 

The financials sector (-1.6%) is a laggard, with Citigroup (C 108.25, -4.16, -3.70%) making a sharp move lower after Bloomberg reported the company is interested in buying a regional bank. Citigroup denied the report, but the stock remains lower. 

Elsewhere in the sector, Coinbase Global (COIN 161.83, -11.55, -6.66%) is one of the worst-performing S&P 500 names today as Bitcoin slides 4.2%, back below the $66,000 mark.