Stock Market Update

[BRIEFING.COM] The stock market began today's session on a soft note, but regrouped when the mega-cap stocks also regrouped. The Vanguard Mega-Cap Growth ETF is up 0.3%.

There isn't any acute selling at the sector level to start the day. The biggest losers are the information technology (-0.1%), and materials (-0.2%) sectors.  Conversely, the communication services (+0.6%), financial (+0.5%) and health care (+0.4%) sectors are operating from a lead position.

Separately, CNBC is reporting that the EU will delay implementation of the first retaliatory tariffs until mid-April so that it can use that extra time to hold discussions with the U.S. President Trump has said previously that reciprocal tariffs implemented by the U.S. will start April 2.

Just in, February existing home sales increased 4.2% month-over-month to a seasonally adjusted annual rate of 4.26 mln (Briefing.com consensus 3.95 million). February Leading Indicators declined 0.3% (Briefing.com consensus -0.2%) following an upwardly revised 0.2% decline (from -0.3%) in January.