Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.2%) and Nasdaq Composite (+0.6%) trade higher and the Dow Jones Industrial Average (-0.4%) trades lower. The mixed action is related to mixed responses to earnings news. 

Dow components Procter & Gamble (PG 170.03, -1.22, -0.7%) and American Express (AXP 270.58, -15.20, -5.3%) after reporting quarterly results. Better-than-expected results and guidance from Netflix (NFLX 754.64, +67.40, +9.7%) has provided offsetting support to the broader market. 

The jump in NFLX has led the communication services sector (+1.3%) to trade at the top of the lineup. The information technology sector (+0.6%) is another top performer, benefitting from gains in its mega cap constituents. 

The energy sector shows a 0.6% decline, related to oil prices dropping below $70.00/bbl to $69.08/bbl and natural gas futures moving lower.

Treasury yields are lower after this morning's data. The 10-yr yield is at 4.07% and the 2-yr yield sits at 3.95%.