Stock Market Update

[BRIEFING.COM] The major indices trade near session lows. Gains in NVIDIA (NVDA 132.05, +2.47, +1.9%), Meta Platforms (META 504.31, +0.71, +0.1%), Alphabet (GOOG 177.86, +1.08, +0.6%), Apple (AAPL 214.60, +0.34, +0.2%), and Broadcom (AVGO 1706.00, +27.65, +1.7%) are acting as support to index performance.

Separately, the preliminary Index of Consumer Sentiment for June checked in at 65.6 (Briefing.com consensus 73.0) versus the final reading of 69.1 for May. In the same period a year ago, the index stood at 64.2.

The key takeaway from the report is that consumers' assessment of their personal finances slipped due to high prices and weakening incomes. That could presage some weakening spending activity.