Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.1%) and DJIA (+0.8%) claimed fresh all-time highs this morning, while the Nasdaq Composite (-0.1%) moves modestly lower amid some weakness in certain mega-cap tech names.

Earnings continue to be a key driver of action as Walt Disney (DIS 100.28, +2.10, +2.14%) and Amgen (AMGN 407.72, +17.70, +4.54%) contribute to the DJIA's outperformance, while SpaceX (SPCX 115.12, -10.21, -8.15%) and Advanced Micro Devices (AMD 481.77, -36.81, -7.10%) weigh on the Nasdaq Composite.

Action at the sector level mirrors that of the previous sessions this week, with most S&P 500 sectors trading higher while the defensive utilities (-1.4%) and consumer staples (-0.8%) sectors lag alongside the real estate sector (-0.8%). Though it is also defensive in nature, the health care sector (+0.7%) moves higher after solid earnings results from its largest component, Eli Lilly (LLY 1140.69, +25.01, +2.24%).

Elsewhere, the energy sector (-1.6%) continues to retreat as crude oil prices remain stable today amid more reports that the U.S. and Iran could soon reach a deal to reopen the Strait of Hormuz.

Outside the S&P 500, the Russell 200 (-0.2%) and S&P Mid Cap 400 (-0.1%) hold modest losses.