Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.1%), Nasdaq Composite (+0.3%), and DJIA (-0.5%) are mixed shortly after the open. 

Several S&P 500 sectors are oscillating around their flatlines, though there are a few noteworthy exceptions.

The financials sector (-0.8%) is the biggest laggard so far with a majority of its components trading lower. Capital One (COF 224.16, -10.90, -4.64%) trades sharply lower after an earnings miss and confirming the company has entered into an agreement to acquire Brex Inc. 

Intel (INTC 45.92, -8.40, -15.46%) is the worst-performing S&P 500 name after issuing downside Q1 guidance, weighing on the PHLX Semiconductor Index (-0.9%). However, the broader information technology sector (+0.2%) ticks higher, with NVIDIA (NVDA 188.17, +3.33, +1.80%) and Microsoft (MSFT 457.49, +6.35, +1.41%) providing solid mega-cap leadership.

Meanwhile, the energy sector (+1.3%) is the only sector with a gain wider than 0.5%, supported by a $1.80 (+3.0%) increase in the price of oil to $61.16 per barrel. 

Just released, the Final January University of Michigan Consumer Sentiment Index registered at 56.4 (Briefing.com consensus 54.0) from a preliminary reading of 54.0.

The preliminary January S&P Global U.S. Manufacturing PMI checked in at 51.9, from a prior level of 51.8. The preliminary January S&P Global U.S. Services PMI came in at 52.5, unchanged from its prior level.