Daily Wrap

The S&P spent most of the day trading in the same narrow range from yesterday until the final two hours as the mega-caps lifted NASDAQ,  S&P and Dow. The five mega-cap stocks (Facebook +6.5%, Apple +3.5%, Amazon +0.6%, Alphabet +1.6% and Microsoft +1.6%) accounted for all of the S&P-500’s +0.65% gain, despite 54% of the…