Stock Market Update

[BRIEFING.COM] The stock market continues to tick upward as the major averages all currently trade green for the day.

The S&P 500, for its part, hit a new all-time high today, as did the Nasdaq Composite.

Breadth figures reflect the positive trend as advancers outpace decliners by a nearly 8-to-5 ratio on both the NYSE and the Nasdaq. 

The information technology sector (unchanged) has trimmed its early losses, on the continued strength of Apple (AAPL 212.75, +1.61, +0.8%) and NVIDIA (NVDA 163.77, +0.89, +0.6%), hovering near its session highs. 

Elsewhere in the sector, Advanced Micro Devices (AMD 143.72, +5.31, +3.84%) is benefitting from an upgrade to Buy from Hold at HSBC, while shares of Oracle (ORCL 237.07, +1.26, +0.6%) increased after an upgrade to Overweight from Neutral at Piper Sandler.