Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.2%), Nasdaq Composite (-0.3%), and DJIA (+0.1%) now trade at new session lows as losses widen in the consumer discretionary (-0.9%) and information technology (-0.6%) sectors.

Amazon (AMZN 222.74, -4.89, -2.15%) continues its underwhelming performance this week, moving further beneath its 50-day moving average (227.73). The company announced it will close all 19 of its Fresh grocery stores in the U.K., with five of those locations set to become Amazon-owned Whole Foods stores, according to CNBC.

NVIDIA (NVDA 179.96, -3.64, -1.99%) and Oracle (ORCL 314.92, -13.23, -4.03%) both cede the majority of yesterday's gains as mega-caps face pressure in the wake of yesterday's advance. 

Elsewhere in the information technology sector, Micron (MU 168.18, +3.56, +2.17%) trades higher ahead of its earnings release after the close.