Stock Market Update

[BRIEFING.COM] The equity market moved higher at the index level in recent trading. The Dow Jones Industrial Average (+0.5%) added more than 100 points over the last half hour. 

Recent improvement coincided with buying increasing in the mega cap space. Tesla (TSLA 289.40, +7.28, +2.6%) is an influential winner, trying to find some stability following near 20% plunge over the past two weeks. The selling revolved around concerns about a possible elimination of its tax credit, tariffs, slowing demand, and Elon Musk's rising time commitments within Trump administration. 

The Vanguard Mega Cap Growth ETF (MGK) shows a 0.6% gain.