Stock Market Update

[BRIEFING.COM] The major indices continue to trade up, led by small and mid caps. The Russell 2000 is 1.6% higher and the S&P Mid Cap 400 shows a 1.1% gain. The S&P 500 sports a 0.4% gain.

Some mega cap names are trading lower, limiting index performance somewhat. Apple (AAPL 216.25, -0.07, -0.03%), Eli Lilly (LLY 911.44, -12.09, -1.3%), and Broadcom (AVGO 162.38, -1.61, -1.0%) are standouts in that respect.

Other mega caps are providing some offsetting support. Microsoft (MSFT 435.34, +3.94, +0.9%) continues to trade up following news of a 10% increase to its quarterly dividend and a share buyback authorization up to $60 billion. NVIDIA (NVDA 117.14, +0.36, +0.3%), Alphabet (GOOG 160.07, +1.08, +0.7%), and Amazon.com (AMZN 188.06, +3.17, +1.7%) are also among the influential winners.