Stock Market Update

[BRIEFING.COM] It is looking good in many respects for the stock market. Every major average is higher; all 11 S&P 500 sectors are higher; 28 of the 30 Dow components are higher; value stocks are up and so are growth stocks.

The S&P 500 is on the doorstep of a new closing high, energized in part by some hopeful talk from President Trump that he will be seeking discussions with Xi Jinping and Vladimir Putin to talk about reducing military spending and denuclearization. His suggestion to them, he said, will be to cut military budgets in half.

That view followed an earlier announcement that reciprocal tariffs will go into effect April 1 at the earliest and be applied on a case-by-case basis.

The market cap-weighted &P 500 is up 1.0%, yet the equal-weighted S&P 500 isn't far behind with a gain of 0.8%.

Advancers lead decliners by a 3-to-1 margin at the NYSE and by a better than 2-to-1 margin at the Nasdaq.