Stock Market Update

[BRIEFING.COM] The stock market opened to selling pressure on the first session in the second quarter. The market is waiting on tomorrow's tariff announcements and digesting this morning's economic data.

The S&P Global Manufacturing PMI rose to 50.2 in the final March reading. A reading above 50.0 indicates expansion. 

The ISM Manufacturing Index dropped to 49.0% in March (Briefing.com consensus 49.5%) from 50.3%, JOLTS - Job Openings totaled 7.568 million in February, and construction spending rose 0.7% in February (Briefing.com consensus 0.4%).

Many stocks trade lower, contributing to the downside vibe. Eight of the 11 S&P 500 sectors show declines ranging from 0.1% (discretionary) to 1.3% (health care).