Stock Market Update

[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.