Stock Market Update

[BRIEFING.COM] The S&P 500 and Nasdaq Composite move further into record territory while the Dow Jones Industrial Average trades slightly below its prior close.

Some mega cap names are trading down, acting as a limiting factor for the major indices. Eli Lilly (LLY 886.96, -19.74, -2.2%) and Amazon.com (AMZN 197.76, -2.24, -1.1%) are standout in that respect, showing sizable declines. LLY hit a fresh 52-week high today before rolling over.

Still, solid gains in other mega cap names are providing some offsetting support. NVIDIA (NVDA 127.05, +4.38, +3.6%), Tesla (TSLA 244.95, +13.69, +5.9%), Broadcom (AVGO 1721.96, +64.48, +3.9%), Alphabet (GOOG 187.25, +0.64, +0.3%), and Meta Platforms (META 510.69, +1.19, +0.2%) are standouts in that respect.