Stock Market Update

[BRIEFING.COM] The S&P 500 (flat), Nasdaq Composite (-0.2%), and DJIA (-0.1%) continue to drift just below their baselines.

Strength at the sector level has somewhat eroded, leaving just the communication services (+1.2%), financials (+0.7%), and utilities (+0.2%) sectors in positive territory. However, the major averages are little changed from previous levels as losses have narrowed across some of the market's weightiest sectors. The information technology (-0.3%) and consumer discretionary (-0.6%) sectors are both well off their session lows, which coincides with improvements across mega-cap names. 

The Vanguard Mega Cap growth ETF (-0.1%) now sits just below its baseline after holding a loss that exceeded 0.5%.