Stock Market Update

[BRIEFING.COM] Sandwiched between the outperforming Nasdaq Composite (+0.9%) and the lagging DJIA (-0.1%), the S&P 500 (+0.5%) has come within two points of its all-time high level from Friday. 

The stock market's largest names are influencing the index level advance to session highs this afternoon. 

Alphabet (GOOG 251.74, +5.30, +2.15%) holds a healthy gain after a brief stint in negative territory, while Meta Platforms (META 715.88, +5.32, +0.75%) also moves above its baseline. The communication services sector (+1.0%) now holds an identical gain to that of the consumer discretionary sector (+1.0%), which continues to tick higher as Tesla (TSLA 450.10, +20.27, +4.72%) widens its gain. 

The Vanguard Mega Cap Growth ETF now holds a sturdy 1.1% gain for the day, and the market-weighted S&P 500 (+0.5%) outperforms the S&P 500 Equal Weighted index (+0.1%).