Stock Market Update

[BRIEFING.COM] The stock market made a sharp turn lower in recent trading. The S&P 500 (-0.6%) and Dow Jones Industrial Average (-0.4%) moved below prior closing levels while the Nasdaq Composite sports a 0.1% gain.

Gains in the mega cap stocks have supported the Nasdaq, but many mega caps pulled back from session highs as the market declines. NVIDIA (NVDA 98.12, +1.82, +1.9%) was trading up as much as 5.1% at its high. 

There wasn't a specific catalyst accounting for the sharp move down. Driving factors include ongoing worries around trade policy implications, growth concerns, and selling into any upside moves.