Option Millionaires

[uranium-pinto-beans]

The stock market opened on a downbeat note after the hotter-than-expected November Producer Price Index. Things are holding up well, though, with all the major averages lifting off opening levels.

Weakness from a few mega cap names is weighing on index performance. The Vanguard Mega Cap Growth ETF (MGK) is down 0.1% versus a 0.1% gain in the Invesco S&P 500 Equal Weight ETF (RSP).

Roughly half of the 11 S&P 500 sectors trade in positive territory led by communication services (+0.6%) while energy (-0.3%) brings up the rear.

Just in, the preliminary University of Michigan Consumer Sentiment reading for December rose to 59.1 (Briefing.com consensus 57.0) from a prior reading of 56.8.

Wholesale Inventories fell to 0.5% in October from a revised 0.8% in September (from 0.6%).