Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.1%) remains pinned just beneath its flatline, while the Nasdaq Composite (-0.7%) holds a wider loss and the DJIA (+0.7%) outperforms. 

The communication services sector (-1.5%) is at the bottom of the leaderboard as the sector bears the brunt of today's mega-cap weakness. 

Alphabet (GOOG 285.35, -6.39, -2.19%) trades lower, with The Financial Times reporting that the EU is preparing a fresh antitrust probe into Google's news rankings under the Digital Markets Act. 

Meanwhile, Meta Platforms (META 612.91, -14.17, -2.26%) holds a similar loss, with its share price little changed after breaking ground on its 30th data center in Beaver Dam, Wisconsin, at which the company plans to invest over $1 billion.