Stock Market Update

[BRIEFING.COM] The three major indices trade at or near session highs. The market-cap weighted S&P 500 shows a 0.7% gain, or about 35 points. Broad buying interest has propelled the equal-weighted S&P 500 to trade 0.3% higher. 

More S&P 500 sectors moved into positive territory over the last half hour, and the sectors that remain in negative territory have narrowed their losses. The health care (-0.1%) and materials (-0.01%) sectors are alone in the red while the consumer discretionary sector leads the pack, showing a 1.5% gain.

Tesla (TSLA 449.57, +19.02, +4.4%) and Amazon.com (AMZN 227.87, +2.82, +1.3%) have contributed to the outperformance of the consumer discretionary sector. On the flip side, some retailer components have traded lower with no specific catalysts. NIKE (NKE 76.49, -0.25, -0.3%) and Ralph Lauren (RL 229.89, -0.52, -0.2%) are standouts in that respect.