[BRIEFING.COM] The S&P 500 (+1.4%), Nasdaq Composite (+2.5%), and DJIA (+0.4%) continue to trade in a tight range near session highs that has defined today's action.
Notably, the S&P 500 has been unable to reclaim its 50-day moving average (6,713.21), hovering just 0.1% beneath the technical level it slipped beneath last week for the first time on a closing basis since April.
Participation remains strong, with eight S&P 500 sectors holding gains, while strength across the mega-caps keeps the communication services (+3.9%), information technology (+2.5%), and consumer discretionary (+2.1%) sectors at the top of the leaderboard.