Stock Market Update

[BRIEFING.COM] The S&P 500 (flat), Nasdaq Composite (+0.3%), and DJIA (+0.2%) currently sit near session lows as the market faces some choppy action this morning, with particular volatility acorss mega-cap names. 

The information technology sector (+0.7%) is a standout this morning, supported by strength in its mega-cap components. NVIDIA (NVDA 180.90, +0.98, +0.54%) trades higher for a second consecutive day this week, contributing to strength across chipmaker names that has the PHLX Semiconductor Index up 1.3%. Intel (INTC 43.04, +3.04, +7.59%) is a leader both in the sector and the S&P 500 as a whole this morning. 

While NVIDIA finished higher yesterday, mega-caps as a whole were mostly weaker, which has garnered some buy-the-dip interest today that has been crucial to the index-level advance. The Vanguard Mega Cap Growth ETF is up 0.7%, and the market-weighted S&P 500 (+0.2%) outperforms the S&P 500 Equal Weighted Index (flat). However, NVIDIA and other mega-caps that previously held solid gains, such as Alphabet (GOOG 314.68, -0.43, -0.14%) and Amazon (AMZN 234.92, +1.04, +0.44%), are well off their session highs, which currently weighs on the major averages.

Elsewhere, the industrials sector (+0.6%) sits near the top of the leaderboard as Boeing (BA 201.96, +15.50, +8.31%) surges higher. 

Outside of the S&P 500, the small-cap Russell 2000 (+0.4%) holds a similar gain to that of its larger-cap counterparts, while the S&P Mid Cap 400 (+0.1%) holds just a slight gain.