Stock Market Update

[BRIEFING.COM] The major averages now trade in a relatively stable range near session highs. 

Tesla (TSLA 455.18, +17.11, +3.91%) and Amazon (AMZN 231.95, +5.45, +2.41%) are both mega-cap standouts today, pushing the consumer discretionary sector (+2.0%) near the top of today's leaderboard and contributing to a 0.7% gain in the Vanguard Mega Cap Growth ETF. 

Tesla moves higher despite Bloomberg reporting China shipments slumped 7% in 2025, with investors focusing on a Fox News report that CEO Elon Musk and President Trump (who have publicly had a tumultuous relationship) dined together over the weekend. 

Meanwhile, Amazon moves higher after Jefferies raised its target price for the stock to $300 from $275.