Stock Market Update

[BRIEFING.COM] The S&P 500 (+1.7%), Nasdaq Composite (+1.8%), and DJIA (+2.3%) continue to chart session highs this afternoon, with the DJIA eclipsing the 50,000 mark for the first time. 

The major averages are on track for a mixed finish to the week. The DJIA (+2.3% week-to-date) leads as the broader market garnered some rotational strength amid pronounced weakness across tech in previous sessions, while the Nasdaq Composite (-2.1% week-to-date) suffers the widest loss, and the S&P 500 (-0.3% week-to-date) holds a more modest loss. 

Just released, consumer credit increased by $24.0 billion in December (Briefing.com consensus: $8.4 billion) following an upwardly revised $4.7 billion increase (from $4.2 billion) in November.