Stock Market Update

[BRIEFING.COM] The stock market opened on a positive note. The Dow Jones Industrial Average sports a 0.3% gain, the S&P 500 is up 0.6%, and the Nasdaq Composite trades 0.7% higher. 

Positive responses to earnings from Meta Platforms (META 705.36, +29.12, +4.3%) and Tesla (TSLA 389.30, +0.26, +0.1%) have supported the broader equity market. Meanwhile, Microsoft (MSFT 420.59, -21.70, -4.9%) shows a solid decline after reporting results, weighing down the S&P 500 information technology sector (-0.6%).

It's the only sector trading lower while the other ten sectors show gains ranging from 0.2% (materials) to 2.1% (communication services). 

Broad buying interest has the equal-weighted S&P 500 showing a 0.8% gain.