Stock Market Update

[BRIEFING.COM] The three major indices continue to trade near prior closing levels, showing modest gains or losses.

Amazon.com (AMZN 211.73, +2.80, +1.3%) has gone against the grain in the mega cap space, trading up nicely and boosting the consumer discretionary sector (+0.7%). Investors are digesting some headlines around the name, including news that Jeff Bezos sold another 5,992,724 shares worth approx. $1.25 billion. Amazon is aiming to close Freevee, according to Bloomberg, and also introduced "Amazon Haul", a new discount store. 

Other discretionary-related names like homebuilders and retailers have outperformed the broader equity market. The SPDR S&P Homebuilder ETF (XHB) trades 1.2% higher and the SPDR S&P Retailer ETF (XRT) shows a 1.0% gain.