Stock Market Update

[BRIEFING.COM] The major averages trade in a relatively tight range that has constrained the S&P 500 (flat) and Nasdaq Composite (+0.1%) near their opening levels, while the DJIA (-0.4%) continues to hold a modest loss.

In a session that has seen a decline in sector strength and breadth figures, the consumer discretionary sector (+0.7%) has traded up from its session lows, with a solid gain in Tesla (TSLA 328.28, +8.87, +2.8%) underpinning recent strength.

The sector was one of just a handful of sectors that did not advance yesterday, though today's move gives it a 0.3% week-to-date gain. 

Treasuries are up today amid the sluggish action in the stock market, with the 10-year note yield falling three basis points to 4.42%.