Stock Market Update
28-Oct-25 15:30 ET
Mega-caps shine, smaller-caps lag
Dow +273.93
at 47818.31,
Nasdaq +252.51
at 23889.99,
S&P +33.42
at 6908.57
[BRIEFING.COM] The major averages are well positioned to capture record closing highs to go along with their record intraday levels.
Today's tech- and mega-cap-led rally has not benefitted the small-cap Russell 2000 (-0.4%) or S&P Mid Cap 400 (-0.7%).
Overall, breadth remains negative, with decliners outpacing advancers by a roughly 3-to-2 clip on both the NYSE and Nasdaq.
Nonetheless, a 1.2% gain in the Vanguard Mega-Cap Growth ETF outweighs broader market weakness, sending the major averages to record highs for the second consecutive day this week.
