Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.1%), Nasdaq Composite (flat), and DJIA (-0.2%) are little changed this morning as stocks opened to mixed strength.

Five S&P 500 sectors trade higher, with the top-weighted information technology sector (+0.9%) once again leading the advance as NVIDIA (NVDA 230.11, +5.75, +2.56%) continues to move higher while Hewlett Packard Enterprise (HPE 58.96, +11.96, +25.45%) surges after reporting earnings. However, Microsoft (MSFT 445.63, -14.89, -3.23%) and other software names are under pressure, with the iShares GS Software ETF (-3.8%) giving back a chunk of yesterday's gains.

Mega-cap weakness elsewhere weighs on the communication services (-2.2%) and consumer discretionary (-1.4%) sectors, with Alphabet (GOOG 361.75, -10.83, -2.91%) moving lower after proposing an $80 billion equity capital raise to expand AI infrastructure and compute.

Just released, the April JOLTS report saw 7.618 million job openings added, up from the upwardly revised prior level of 6.887 million (from 6.866 million).