Early Update -Phoning It In

12:24 p.m. ET The market is very dull this morning. Most of the averages are flat on the day. S&P sectors are mixed with very small price-percent changes. The September Chicago PMI was released. It checked in at 46.6 (consensus 46.0) versus 46.1 in August. The dividing line between expansion and contraction is 50.0, so…