Stock Market Update

[BRIEFING.COM] The stock market opened to losses, but moves are muted so far. Investors lack conviction following a turbulent week. The S&P 500 is trading fractionally lower. 

Gains in some mega cap names have provided a measure of support to index performance. The Vanguard Mega Cap Growth ETF (MGK) shows a 0.2% gain.

Four S&P 500 sectors are trading higher led by health care (+0.5%), consumer discretionary (+0.4%), and financials (+0.2%).

Meanwhile, the utilities (-1.0%) and energy (-0.5%) sectors show the largest declines.

Market breadth is negative, but modestly so. Decliners have an 11-to-10 lead over advancers at the NYSE and at the Nasdaq.