Stock Market Update

[BRIEFING.COM] The S&P 500 (flat), Nasdaq Composite (-0.2%), and DJIA (+0.1%) are mixed shortly after the open as mega-cap and tech names face some modest selling interest after Friday's rally, while the broader market is mixed.

Semiconductor stocks are off to a lower start following an impressive run, with the PHLX Semiconductor Index down 1.1%. The early weakness weighs on the information technology sector (-0.3%), while a 0.6% slide in the Vanguard Mega Cap Growth ETF has the consumer discretionary sector (-1.0%) trading even lower.

Elsewhere in the sector, Domino's Pizza (DPZ 332.31, -35.52, -9.66%) moves sharply lower after missing earnings estimates.

Meanwhile, the communication services sector (+0.6%) trades higher as its mega-cap components, Alphabet (GOOG 346.25, +3.93, +1.15%) and Meta Platforms (META 676.42, +1.39, +0.21%) hold modest gains, while Verizon (VZ 48.25, +1.87, +4.03%) moves higher after beating EPS expectations.

Elsewhere, the energy sector (+1.0%) holds the widest gain this morning as stalled talks between the U.S. and Iran send oil prices higher. WTI crude is currently up $1.89 (+2.0%) to $96.29 per barrel.