Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average remains in positive territory while major indices trade lower.

Mega cap names show outsized declines, weighing down the broader equity market. Some stocks in the space have specific catalysts to account for the weakness like NVIDIA (NVDA 131.28, -4.58, -3.3%), which continues to move lower after new chip exports were announced. 

Meta Platforms (META 602.25, -13.54, -2.2%), Apple (AAPL 230.83, -6.01, -2.6%), and Tesla (TSLA 388.14, -6.60, -1.7%) are also influential losers so far. Losses in mega caps have weighed down their respective S&P 500 sectors. The information technology (-1.6%), communication services (-1.6%), and consumer discretionary (-0.9%) sectors are among the worst performers.