Stock Market Update

[BRIEFING.COM] The major indices still show losses, but buying has picked up under the index surface. The market-cap weighted S&P 500 trades 0.3% lower while the equal-weighted S&P 500 trades 0.1% higher.

The increased buying is driven by a buy-the-dip mentality, which has worked well for participants of late. 

More S&P 500 sectors moved into positive territory including materials (+0.1%) and real estate (+0.2%). The health care sector continues to lead the pack, showing a 0.7% gain, followed by consumer staples (+0.3%) and financials (+0.3%).

Losses in NVIDIA (NVDA 132.99, -1.46, -1.1%), Microsoft (MSFT 399.96, -8.24, -2.0%), Tesla (TSLA 327.11, -10.68, -3.1%), and Amazon.com (AMZN 213.10, -2.48, -1.1%) have kept their respective S&P 500 sectors at the bottom of the pack.