Stock Market Update

[BRIEFING.COM] Heading into the home stretch and backing off just a bit amid some buyer exhaustion. This could also be a pivot to a wait-and-see trade with Tesla's (TSLA 235.40, +7.90, +3.5%) earnings report looming after the close.

As noted earlier, the numbers the company reports are important, but the focal point will be how the stock reacts to the news the company shares.

Altogether it has been a good day for the beaten-down mega-cap stocks. They are all higher, none more so than Tesla. Notably, Meta Platforms (META 495.60, +10.94, +2.3%) is on course for its first gain in eight sessions.

The Vanguard Mega-Cap Growth ETF (MGK) is up 2.1% today but down 15.4% for the year.