Stock Market Update

[BRIEFING.COM] The major averages continue to chart session highs as the market enters the final half hour of the session.

After the close, investors will receive a modest batch of earnings reports, which will include those from Adobe (ADBE 221.57, -11.81, -5.06%) and Lennar (LEN 93.47, +3.62, +4.03%).

Attention increasingly turns to the eagerly anticipated IPO of SpaceX, which is reportedly more than four times oversubscribed. CNBC reported that allocations have been mostly decided, with around 20% of the IPO allocated to retail.