Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.1%), Nasdaq Composite (flat), and DJIA (-0.3%) are flattish this morning as the broader market sees a consolidation from Friday's rally. 

Eight S&P 500 sectors trade lower, with the consumer discretionary sector (-1.4%) once again near the bottom of the leaderboard. The sector was one of just two S&P 500 sectors that closed lower on Friday, with Amazon (AMZN 204.86, -5.46, -2.60%) a notable laggard following the company's earnings report that featured a capital expenditure forecast of $200 billion. 

Meanwhile, the information technology sector (+0.9%) holds a solid early gain, helping to negate losses at the index level. Software names such as Oracle (ORCL 155.89, +13.07, +9.15%) and AppLovin (APP 442.75, +36.03, +8.86%) are at the top of the leaderboard after a sharp sell-off last week, with Microsoft (MSFT 407.58, +6.44, +1.61%) also nicely higher. 

NVIDIA (NVDA 191.50, +6.09, +3.28%) is also nicely higher. 

Meanwhile, the materials (+0.2%) and energy (+0.2%) sectors trade modestly higher as precious metal and oil prices tick up this morning.