Stock Market Update

[BRIEFING.COM] The major averages opened mixed, with the Nasdaq Composite (+0.2%) holding a slight advantage over the S&P 500 (+0.2%), while the DJIA (-0.2%) lags.

Ten sectors trade in the green, led by a quick start from the utilities sector (+1.8%).

Only the communication services sector (-0.7%) trades in negative territory, with Netflix (NFLX 1213.91, -60.26, -4.73%) seeing some early selling pressure following its earnings results and acknowledgment that its operating margin in the second half of the year will be lower than the first half of the year.

Just released, the preliminary University of Michigan Index of Consumer Sentiment for July registered at 61.8 (Briefing.com consensus 61.5). The final reading for June was 60.7.