Stock Market Update

[BRIEFING.COM] The stock market opened mostly higher, propelled by follow-through buying after yesterday's broad advance. The Nasdaq Composite (-0.1%), which was left out of yesterday's advance due to weakness in mega cap shares, has trailed its peers again today. 

Nine S&P 500 sectors are higher led by consumer staples (+1.0%), industrials (+0.8%), and energy (+0.7%). The communication services (-0.5%) and information technology (-0.4%) sectors trade at the bottom of the lineup, clipped by mega cap losses.

The November S&P Global US Services PMI rose to 57 in the preliminary reading from 55.5. The November S&P Global US Manufacturing PMI rose to 48.8 in the preliminary reading from 48.5. 

The University of Michigan Consumer Sentiment survey declined to 71.8 in the final November reading (Briefing.com consensus 73.0) from 73.0.