Stock Market Update

[BRIEFING.COM] The stock market opened to modest losses this morning, with the S&P 500 down 0.1%. 

The consumer discretionary sector (-0.4%) underperforms in a continuation of yesterday's trend, as Tesla (TSLA 297.44, -20.22, -6.37%) shares have slid amid reports that sales are down in Europe, as an ongoing feud between Elon Musk and President Trump ignites with the former taking a strong stance against the large reconciliation bill that is currently in the Senate amendment process.

The final reading for the S&P Global Manufacturing PMI for June came in at 52.9 (prior 52.0).

Just released, the ISM Manufacturing Index for June hit 49.0% (Briefing.com consensus 48.8%) while Construction Spending fell 0.3% in May (Briefing.com consensus 0.2%)

Job openings for May increased to 7.769 million from a revised 7.395 million (from 7.391 million) in April.