Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.1%), Nasdaq Composite (+0.3%), and DJIA (-0.2%) continue to sit near session highs just after midday. 

After an opening loss, the consumer discretionary sector (+0.5%) now holds a solid gain.  Tesla (TSLA 452.39, +7.38, +1.66%) is a mega-cap standout as the market's largest names continue to improve throughout the session, with the Vanguard Mega Cap Growth ETF now up 0.4%. 

lululemon athletica (LULU 209.50, +5.60, +2.75%) is another top mover after providing a strong raised outlook for Q4 earlier this morning, primarily driven by a robust holiday season. The company now expects net revenue and diluted earnings per share to come in at the high end of its previously issued guidance ranges of $3.50-$3.59 billion and $4.66–$4.76, respectively.

Elsewhere, homebuilder names such as Lennar (LEN 122.70, +3.46, +2.90%) and D.R. Horton (DHI 160.16, +2.88, +1.83%) contribute to another solid day for homebuilder names. The iShares U.S. Home Construction ETF is up 1.4% today, extending this year's gain to 12.6%.