Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.2%), Nasdaq Composite (-0.1%), and DJIA (+0.9%) sit near session highs as mega-cap and tech names shake off some early weakness that has stifled gains this morning despite a strong batch of earnings releases before the open. 

Coca-Cola (KO 70.63, +2.19, +3.20%) and 3M (MMM 162.78, +8.00, +5.17%) reported earnings beats this morning, contributing to the DJIA's outperformance. 

General Motors (GM 66.80, +8.80, +15.17%) and RTX (RTX 175.47, +14.76, +9.18%) beat on their respective top and bottom lines while issuing upside guidance, sending the consumer discretionary (+1.4%) and industrials (+1.3%) sectors to the top of today's leaderboard. 

Six S&P 500 sectors trade in positive territory. The information technology sector (+0.1%) now holds a slight gain after holding a loss wider than 0.5% for much of the morning. 

Meanwhile, the communication services (-1.6%) sector remains well beneath its flat line as it faces weakness in its largest component, Alphabet (GOOG 247.20, -9.82, -3.82%).

The Vanguard Mega Cap Growth ETF is down 0.1%, and the S&P 500 Equal Weighted Index (+0.6%) outperforms the market-weighted S&P 500 (+0.2%). 

The small-cap Russell 2000 (-0.1%) has taken back most of an early loss, while the S&P Mid Cap 400 (+0.6%) outperforms.