Stock Market Update

[BRIEFING.COM] Stocks have moved lower since the open, with the DJIA (-0.1%) retreating beneath its flatline after its modest opening gain notched it a record intraday high for the second consecutive day. The S&P 500 (-0.7%) and Nasdaq Composite (-1.2%) remain firmly lower amid underperformance in tech names. 

The majority of the sector's components trade lower, with Broadcom (AVGO 364.23, -42.14, -10.37%) extending its losses to double digits, while Oracle (ORCL 191.82, -7.02, -3.53%) moves lower again today after a double-digit retreat yesterday. 

The communication services sector (-0.8%) also faces a widening loss after a flattish open, with Alphabet (GOOG 309.37, -4.33, -1.38%) and Meta Platforms (META 644.00, -8.71, -1.33%) providing weak mega-cap leadership. 

The Vanguard Mega Cap Growth ETF is  now down 1.2%.