Stock Market Update

[BRIEFING.COM] The stock market opened to somewhat mixed action at the index level, but market internals reflect a negative bias. Decliners lead advancers by a 3-to-1 margin at the NYSE and by a 2-to-1 margin at the Nasdaq. 

Gains in the mega cap space have boosted the Nasdaq Composite, which trades 0.1% higher than yesterday. The Vanguard Mega Cap Growth ETF (MGK) also shows a 0.1% gain. 

Small cap stocks underperform compared to large caps stocks, leading the Russell 2000 to trade 0.8% lower.

Separately, JOLTS - Job Openings totaled 7.443 million in September, down from a revised count of 7.861 million in August (from 8.040 million). 

The Consumer Confidence Index rose to 108.7 in October (Briefing.com consensus 99.0) from 99.2 in September (revised from 98.7).