Major indices are all moving marginally in the green, in a relatively quiet session, despite sizable economic data, and earnings releases.

Six sectors are in the green, with Utilities (XLU) in the lead helped by lower rates. Vistra Corp. (VST) is the best performing stock following an upgrade from Jefferies. Materials (XLB) is the runner up, getting a boost from DuPont de Nemours (DD) which reported a double beat and strong guidance this morning.

On the other hand, Consumer Staples (XLP) is the worst performing sector, with Walmart (WMT) and Costco (COST) adding pressure to the sector after a flat December retail sales report. Coca-Cola (KO) is also another contributing factor to the downside, after beating EPS estimates, but missing revenues.  

Communication Services (XLC) is down today due to pressure in Alphabet (GOOG/L).

The Ten-year Treasury Yield (TNX) is making a notable move lower down 5.3 basis point to 4.145%.

This morning’s retail sales for December showed that spending on goods was down across most discretionary categories following some decent gains in November. This shows consumer spending fatigue at the end of last year, which includes the holiday shopping period.

The Atalanta Fed GDPNow’s Q4 GDP forecast moved down to 3.7% from 4.2%.

The NHIB small business optimism moved down slightly in January with hiring plans, economic optimism and positive earnings trending all down relative to December.

Today’s 3-year auction showed foreign demand dropped as direct bids hit a record high. The treasury market didn’t show much reaction to the results.