Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.1%) and Nasdaq Composite (+0.6%) move higher in tandem with mega-cap stocks, while the DJIA (-0.5%) faces some pressure from weakness in the broader market. 

Amazon (AMZN 257.30, +13.08, +5.36%) holds a solid gain after announcing a $38 billion AWS partnership with OpenAI. NVIDIA (NVDA 208.14, +5.66, +2.79%) managed to make its way into that headline as well, as OpenAI is accessing AWS compute, comprised of hundreds of thousands of state-of-the-art NVIDIA GPUs. 

The consumer discretionary sector (+2.0%) is off to a running start in response, with a nice move in Tesla (TSLA 467.97, +11.41, +2.50%) adding to the strength. 

NVIDIA's strength pushes the information technology sector (+0.6%) to a nice gain as well. Micron (MU 232.93, +9.16, +4.09%) is the top mover in the sector, contributing to a 0.8% gain in the PHLX Semiconductor Index. 

Meanwhile, the broader market is on the retreat, as eight S&P 500 sectors trade beneath their baseline. 

The final reading for the October S&P Global U.S. Manufacturing PMI came in at 52.0, unchanged from the previous reading. 

Just released, the September ISM Manufacturing Index checked in at 48.7% for October (Briefing.com consensus: 49.4%), down from 49.1% in September.