Stock Market Update

[BRIEFING.COM] The Nasdaq Composite (+0.2%) continues to plot new session and record highs as it widens this morning's slight gain, while the S&P 500 (+0.1%) holds a more modest gain and the DJIA (-0.2%) lags. 

Four S&P 500 sectors trade in positive territory, led by the health care sector (+0.5%). The sector is benefiting from strength in its largest component, Eli Lilly (LLY 644.76, +19.11, +3.05%), which trades higher today after shares plummeted last Thursday in response to underwhelming Phase 3 trial data for the company's weight loss drug. 

The information technology sector (+0.2%) now trades in positive territory as chipmaker stocks broaden their gains. 

Intel (INTC 20.90, +0.95, +4.76%) is the top performer within the sector, benefiting from headlines that CEO Lip-Bu Tan will visit the White House to discuss a variety of topics with President Trump, according to The Wall Street Journal. 

Micron (MU 124.52, +5.63, +4.74%) trades just behind after the company announced a significant upward revision to its Q4 guidance, reflecting robust demand and improving pricing dynamics in its DRAM portfolio. The company now expects EPS of $2.78-$2.92, up from the prior range of $2.35-$2.65, and revenue of $11.1-$11.3 billion, tightened and raised from $10.4-$11.0 billion. This adjustment is primarily driven by sustained strength in DRAM, particularly in high-bandwidth memory (HBM), fueled by escalating demand for AI and high-performance computing applications.