Market Update – Mega-Caps Provide Huge Support, While The Debt Ceiling Is Causing Extremely Weak Participation

12:59 p.m. ET Mega-Caps are providing huge support to the cap-weighted indices, while the debt ceiling is causing extremely weak participation. As the S&P is getting hung up at $4150, this is a problem. Only 8 of 30 Dow stocks are higher, with only Apple (+0.8%) and Microsoft (+3.5%) proving any kind of support. Obviously…