Stock Market Update

[BRIEFING.COM] Today marks the last trading day of the second quarter and there is no denying that it has been a good period for the S&P 500 (+4.2%) and Nasdaq Composite (+8.8%). The returns for the Dow Jones Industrial Average (-1.9%) and Russell 2000 (-3.8%), on the other hand, don't look so swell.

The stark contrast in the performance of the mega-cap stocks during the quarter and the "rest of the market" can be seen in the S&P 500 indices. The market-cap weighted S&P 500 is up 4.1% for the quarter, whereas the equal-weighted S&P 500 is down 3.2%.

In terms of today, the Dow, Nasdaq, and S&P 500 have faded back into red figures in a steady fashion while the Russell 2000 (+0.2%) is trying to stay green with an hour to go in the day, week, month, and quarter as far as the stock market is concerned.