Stock Market Update

[BRIEFING.COM] The major indices continue to languish in negative territory. Dips like the one seen today have typically been met with buying interest, which is why today's dip is being closely watched.

Will the buyers show up or will the specter of rising rates and demanding valuations foster an ongoing consolidation trade?

The mega-cap stocks, which have been the "go-to" in buy-the-dip rebound trades, have yet to flex much rebound muscle. Apple (AAPL 230.90, -4.96, -2.1%), Microsoft (MSFT 429.10, +1.59, +0.4%), Meta Platforms (META 573.26, -8.75, -1.5%), Amazon.com (AMZN 186.88, -2.82, -1.5%), and Alphabet (GOOG 164.46, -2.36, -1.4%) are scheduled to report their quarterly results next week.