Stock Market Update

[BRIEFING.COM] The stock market opened to mixed action at the index level. The S&P 500 has traded above and below its prior close, wrestling with ongoing worries about growth versus buy-the-dip action in some mega cap names after the recent fallout. 

Tesla (TSLA 231.74, +9.60, +4.3%), which plunged 15% yesterday, and NVIDIA (NVDA 109.96, +2.90, +2.7%), which declined 5% yesterday, are standouts in that respect. 

There's still signs of selling interest under the index surface, leading the Invesco S&P 500 Equal Weight ETF (RSP) to trade 0.6% lower.

Disappointing Q1 guidance from Delta Air Lines (DAL 48.68, -1.65, -3.3%) has played into the market's worries about economic growth prospects, along with disappointing full-year guidance from Dick's Sporting Goods (DKS 209.84, -1.18, -0.6%) and Kohl's (KSS 10.22, -1.82, -15.0%).

JOLTS - Job Openings totaled 7.740 million in January.