Markets: News  

The major indices are sticking to fairly tight trading ranges, supported by some relative strength in the mega-cap stocks that has compensated for the material weakness in the energy sector (-4.3%).The Vanguard Mega-Cap Growth ETF (MGK) is up 0.3% versus a 0.1% decline for the S&P 500 and a 0.4% decline for the Invesco S&P 500 Equal Weight ETF (RSP).Breadth figures favor declining issues by a 9-to-5 margin at the NYSE and by an 11-to-8 margin at the Nasdaq, so the modest moves by the major indices convey the support being provided by the mega-cap stocks.The counter-cyclical health care (+0.5%) and consumer staples (+0.4%) sectors sit atop today's sector leaderboard along with information technology (+0.4%).