[BRIEFING.COM] The major indices remain underwater, trading in a lateral fashion for most of the session after some more concerted selling interest following today's open.
Mega-cap stocks continue to underperform, which is the main drag on the market cap-weighted indices.
The market cap-weighted S&P 500 is down 0.9%, whereas the equal-weighted S&P 500 is down 0.5%. In other words, there is broad-based weakness today, yet it is more concentrated in the market's largest issues.