Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.1%), Nasdaq Composite (-0.3%), and DJIA (+0.5%) sit mixed as losses in the information technology sector (-1.0%) weigh against broader market strength. 

The final University of Michigan Consumer Sentiment reading for November increased to 51.0 (Briefing.com consensus: 50.3) from the preliminary reading of 50.3 and the final reading of 53.6 for October. In the same period a year ago, the index stood at 71.8.

The key takeaway from the report is that consumer sentiment continues to be adversely impacted by the persistence of high prices and weakening incomes.