Stock Market Update

[BRIEFING.COM] While the stock market had a decent start to today's action, the major averages now sit mixed after the first half hour of trading.

Four sectors trade in positive territory, led by the consumer discretionary sector (+0.9%), which is benefitting from Amazon (AMZN 215.31, +3.66, +1.7%) reclaiming its retreat from yesterday. 

Meanwhile, the energy sector widens its loss for the week as oil prices continue to decrease, with crude oil futures down $0.75 to $65.54, a decrease of 1.1%. 

The final reading for the July S&P Global U.S. Services PMI reached 55.7, from a prior level of 52.9.

Just released, the ISM Services PMI decreased to 50.1% in July (Briefing.com consensus 51.5%) from 50.8% in May.