Stock Market Update

[BRIEFING.COM] There has been a loss of upward momentum in today's market, but not a loss of bullish-mindedness. Breadth continues to show advancers leading decliners by a better than 2-to-1 margin at the NYSE and Nasdaq.

The major indices remained pinned in positive territory, settling into fairly narrow trading ranges over the past few hours.

NVIDIA (NVDA 123.26, -0.25, -0.2%) has been a major leadership stock, and with it surrendering early gains, participants are understandably waiting to see if it continues to slide and triggers a broader consolidation move.

Currently, there are only two sectors that have moved more than 1.0%. They are the materials sector, which is up 1.9%, and the energy sector, which is down 1.6%. The remaining sectors are up, or down, between 0.1% and 0.9%.