Stock Market Update

[BRIEFING.COM] The stock market opened to modest declines. The S&P 500 and Dow Jones Industrial Average trade 0.1% lower and the Nasdaq Composite sports a 0.4% loss. There's a lack of market-moving news and participants are in wait-and-see mode ahead of NVIDIA's (NVDA 126.97, +0.51, +0.4%) earnings after Wednesday's close.

Volume is below-average again today, reflecting light participation in front of Labor Day. 

Three S&P 500 sectors trade higher led by the heavily-weighted health care (+0.3%) and financial (+0.2%) sectors. The sectors comprise about a quarter of the index. Meanwhile, the consumer discretionary (-0.9%), energy (-0.3%), industrials (-0.3%), and information technology (-0.2%) sectors trade at the bottom of the lineup. 

The Consumer Confidence Index rose/declined to 103.3 in August (Briefing.com consensus 100.0) from 101.9 in July (revised from 100.3).