Stock Market Update

[BRIEFING.COM] The major indices are holding near their highs for the session, with 1.0%+ gains for each of them.

Mega-cap stocks have formed a leadership cohort, evidenced by the 1.4% increase in the Vanguard Mega-Cap Growth ETF (MGK), but there is broad-based buy-the-dip interest that has the Russell 2000 and S&P Midcap 400 Index up 1.2% each.

Breadth figures denote the broad-based participation. Advancers lead decliners by a nearly 3-to-1 margin at the NYSE and by a better than 2-to-1 margin at the Nasdaq.