Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.1%), Nasdaq Composite (flat), and DJIA (flat) continue to trade in a tight range near their baselines as several sectors oscillate around their unchanged levels. 

Meanwhile, the small-cap Russell 2000 (-0.8%) and S&P Mid Cap 400 (-0.5%) face some selling pressure after outperforming their larger-cap counterparts in yesterday's action. 

The Conference Board's Consumer Confidence Index dropped to 89.1 in December (Briefing.com consensus 89.0) from an upwardly revised 92.9 (from 88.7) in November. In the same period a year ago, the index stood at 109.5.

The key takeaway from the report is that confidence sagged in December due largely to worries about labor market conditions.