Stock Market Update

[BRIEFING.COM] While the S&P 500 (-0.2%) and Nasdaq Composite (+0.1%) reached record intraday highs early in the session, both indices are currently lower than the levels needed to eclipse Monday's record closing highs. 

The S&P 500 needs to add 0.5% before the close to reach a new record, while the Nasdaq Composite needs to add 0.1%.

Only the communication services sector (+2.3%) has preserved the bulk of its early gains, while the consumer staples (+0.3%) and energy (+0.2%) sectors post more modest advances.

The other eight sectors trade in negative territory in a session that has seen some roller coaster action, though it will take a notable upward swing to prevent a lower finish.