Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.1%) now defends its flatline just before the close, with the Nasdaq Composite (+0.3%) and DJIA (flat) also near session lows. 

Early gains in the mega-cap space that boosted the major averages have eroded, with the Vanguard Mega Cap Growth ETF up just 0.3%. 

The comunication services sector (-0.6%) now faces a loss for the day as Alphabet (GOOG 243.83, -3.35, -1.36%) and Meta Platforms (META 743.32, -0.43, -0.06%) both trade lower.

A decline in mega-cap performance now sees the S&P 500 Equal Weighted Index (+0.3%) outperforming the market-weighted S&P 500 (+0.1%).