Stock Market Update

[BRIEFING.COM] The stock market has gotten off to a mixed start with a bifurcation between the mega-cap stocks and the "rest of the market." The mega-cap cohort is weak, but the rest of the market is not.

The market cap-weighted S&P 500 is down 0.6% while the equal-weighted S&P 500 is down just 0.1%.

Breadth figures tell the fuller story than what appears at the index level. Advancers lead decliners by a better than 2-to-1 margin at the NYSE, and they are roughly even with decliners at the Nasdaq.

Just released, the February Consumer Confidence Index checked in at 98.3 (Briefing.com consensus 103.1) versus an upwardly revised 105.3 (from 104.1) in January.