Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.4%), Nasdaq Composite (-0.4%), and DJIA (-0.3%) are little changed from previous levels as the market approaches the final hour of trading. 

The major averages have largely tracked with fluctuations in the information technology sector (-0.5%) today, with the sector, the S&P 500, and the Nasdaq Composite briefly entering positive territory around 10:30 ET before retreating. 

As it currently stands, the technology sector is the worst-performing S&P 500 sector this week, posting a 3.1% loss. The communication services (-2.8% week-to-date) and consumer discretionary (-1.9% week-to-date) sectors are the other two sectors that have retreated this week. The Vanguard Mega Cap Growth ETF holds a week-to-date loss of 2.7%. 

The other eight S&P 500 sectors hold modest gains ranging from 0.2% to 1.1%, highlighting the outsized effect the mega-cap names have on their respective sectors and the major averages.