Afternoon Update

3:34 p.m. ET As we near the close, tone is improving, especially in the mega-caps/NASDAQ-100. SP-500 -0.35%, Dow -0.4% (Transports -0.9%), NASDAQ-100 -0.2%, small Caps -0.8% The S&P came close to a test of $4100 with an intraday low of $4103.98. The benchmark index has had something more akin to a rounding bottom, which is…