Stock Market Update

[BRIEFING.COM] The S&P 500 (+1.0%), Nasdaq Composite (+0.9%), and DJIA (+1.7%) continue to climb to new session highs this afternoon, resulting in fresh record highs for the S&P 500 and Nasdaq Composite.

Behind the push is a notable improvement in Amazon (AMZN 263.42, +0.38, +0.14%) to reclaim its baseline, which helps the consumer discretionary sector (+1.1%) move firmly higher after spending most of the session around its flatline.

Additionally, the information technology sector (-0.4%%) has significantly trimmed its earlier loss. Apple (AAPL 273.54, +3.32, +1.23%) and Western Digital (WDC 433.34, +20.58, +4.99%) both trade higher ahead of their earnings reports after the close. Shares of Western Digital have rallied sharply in recent days in sympathy with strong results from peer Seagate Tech (STX 647.39, +4.09, +0.64%).