Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.2%) and Nasdaq Composite (-0.5%) remain below prior closing levels, but there is buying interest under the index surface.

The Invesco S&P 500 Equal Weight ETF (RSP) sports a 0.2% gain and market breadth is positive. Advancing issues outpace declining issues by a 4-to-3 ratio at the NYSE and by a fractional margin at the Nasdaq.

Positive responses to earnings news from the likes of Starbucks (SBUX 106.00, +5.59, +5.6%), T-Mobile US (TMUS 240.01, +18.87, +8.6%), ASML (ASML 720.84, +37.73, +5.5%), and Norfolk Southern (NSC 262.42, +10.10, +4.0%) have contributed the underlying upside vibe. 

Six of the 11 S&P 500 sectors are higher, including utilities (+0.7%), financials (+0.6%), and consumer staples (+0.4%).