Stock Market Update

[BRIEFING.COM] The major averages trade just above their session lows as widening losses in the communication services (-1.5%) and information technology (-1.3%) sectors contribute to today's retreat. 

Mega-cap names such as NVIDIA (NVDA 178.47, -3.54, -1.94%) and Meta Platforms (META 752.50, -14.87, -1.94%) are weighing the sectors down, and poor performances from Amazon (AMZN 228.52, -2.97, -1.28%) and Tesla (TSLA 331.94, -3.22, -0.96%) keep the consumer discretionary sector on its flatline. 

The Vanguard Mega Cap Growth ETF is down 1.0% today, and the S&P 500 Equal Weighted Index (+0.6%) decidedly outperforms the market-weighted S&P 500 (-0.3%). 

Elsewhere, the Russell 2000 (-0.3%) sports a modest loss, while the S&P Mid Cap 400 (+0.6%) captures a nice early gain.