Stock Market Update

[BRIEFING.COM] The Dow, Nasdaq, and S&P 500 aren't showing large percentage moves, yet market internals reflect a decidedly positive bias to this point. Advancers lead decliners by a better than 4-to-1 margin at the NYSE and by a better than 2-to-1 margin at the Nasdaq.

The holdback -- certainly for the S&P 500 -- is the information technology sector. It accounts for 31.9% of the S&P 500 market capitalization and it is down 0.6%. It is the only S&P 500 sector, though, that is in negative territory.

Elsewhere, the value factor is scoring well today, and small-cap stocks are outperforming, which follows with the market's upbeat economic sentiment. The Atlanta Fed GDPNow model estimate for Q3 real GDP, by the way, was revised up to 3.1% from 2.9% in the wake of tis week's economic releases.

The Russell 3000 Value Index is up 0.8% and the Russell 2000 is up 1.3%.