Stock Market Update

[BRIEFING.COM] The indices continue to respect their tight trading ranges. Those ranges have been set with some nice cushion above yesterday's closing levels and have the S&P 500 on track for a record close.

Internals continue to look good with advancing stocks handily outpacing declining stocks at the NYSE and Nasdaq; and the equal-weighted S&P 500 is up a solid 0.8% along with the Russell 2000.

While Micron (MU 110.82, +15.05, +15.7%) was the key earnings report after yesterday's close, Costco (COST 902.64, -5.78, -0.6%) will slide into that position after today's close.

Meanwhile, the Personal Income and Spending Report for August will be the primary catalyst, among known items, for Friday's trading.