Stock Market Update

[BRIEFING.COM] The broader market remains mixed, as the tech-heavy Nasdaq Composite (+0.6%) maintains its advantage while the S&P 500 (-0.1%) has dipped from its early highs, and the DJIA (-0.7%) remains in negative teritory.

The modest losses in the S&P 500 come after the index briefly eclipsed a new intraday record high, but broad-based selling has reversed its upward trend.

Breadth figures favor decliners by a better than 2-to-1 ratio on the Nasdaq and a nearly 4-to-1 ratio on the NYSE. 

Ten sectors trade in the red, with mega-cap tech names keeping the technology sector (+1.7%) in positive territory.