[BRIEFING.COM] The large-cap indices are sporting modest gains, yet the broader market has been kept under wraps today.
The small-cap Russell 2000 is down 1.0% and the S&P MidCap 400 is down 0.3%; meanwhile, the equal-weighted S&P 500 is down 0.2%, demonstrating that the gains for the market cap-weighted S&P 500 are pretty concentrated.
It is notable that the S&P 500 is up at all, with Apple (AAPL 301.43, -32.00, -9.60%) down nearly 10%, but the primary offsets are Amazon (AMZN 269.02, +33.52, +14.23%), Alphabet (GOOG 351.56, +17.88, +5.36%), NVIDIA (NVDA 196.35, +1.31, +0.67%), and Microsoft (MSFT 463.50, +12.40, +2.75%).
Even with Apple's outsized loss, the Vanguard Mega-Cap Growth ETF (MGK) is up 0.2%.