Stock Market Update

[BRIEFING.COM] The stock market opened higher, bolstered by Apple (AAPL 242.03, +4.42, +1.7%) after its earnings report. Other mega caps are trading up also. The Vanguard Mega Cap Growth ETF (MGK) shows a 1.2% gain.

Other earnings results garnered mixed responses. Chevron (CVX 149.90, -6.39, -4.2%) has weighed down the energy sector (-2.4%) while Visa (V 346.11, +3.28, +1.0%) has limited downside moves in the financial sector (-0.1%).

Market participants are also digesting this morning's economic data, which featured a core-PCE Price Index (the Fed's preferred inflation gauge) that was in-line with expectations. Treasury yields are lower in response. The 10-yr yield is at 4.51% and the 2-yr yield is at 4.19%.