[BRIEFING.COM] The major averages remain higher across the board, little changed from previous levels.
Today's gains have helped the S&P 500 (+0.6%) and Nasdaq Composite (+0.5%) distance themselves a little bit further from their 50-day moving averages, which both indexes reclaimed in last week's action.
Those gains were largely fueled by a rally in AI-related names and mega-cap tech. While mega-cap tech stocks are mostly higher today (the Vanguard Mega Cap Growth ETF is up 0.5%), strength across the broader market has the S&P 500 Equal Weighted Index (+0.8%) outperforming its market-weighted counterpart.