Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.5%), Nasdaq Composite (-1.3%), and DJIA (+0.1%) continue to improve from session lows as participation broadens out this afternoon.

Seven S&P 500 sectors now trade at or above their baselines, with the defensive health care (+2.3%) and consumer staples (+1.9%) sectors still leading the way.

The S&P 500 Equal Weighted Index (-0.1%) is now approaching its own baseline as a result.

Meanwhile, the top-weighted information technology sector (+1.7%) remains firmly lower due to weakness across its semiconductor components, which keeps the market-weighted S&P 500 (-0.4%) pinned below its unchanged level.