Afternoon Update

  The market-cap weighted S&P 500 holds a 1.25% gain and the equal-weighted S&P 500 trades 1.55% higher. The difference mostly reflects the mega cap growth index (MGK +1.35%) or the Mag-7 mega caps (MAGS +0.4%) with weaker relative performance and the toll that takes on the benchmark, cap-weighted S&P-500. Semis (SOX Index +0.9%) are…