Stock Market Update

[BRIEFING.COM] The major indices are little changed from previous levels.

The consumer staples sector (+1.4%) is the best-performing S&P 500 sector today, with investors rotating into the more defensive-oriented sector amid an increase in Treasury yields and weakness in tech stocks.

Walmart (WMT 119.95, +2.21, +1.88%) is providing solid leadership after announcing last night it will launch express delivery from in-store restaurants, starting with Subway. The financial impact is expected to be small, at least initially. However, it is just the latest sign of its effort to become a one-stop destination for an increasing share of consumers' everyday spending.