Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.4%), Nasdaq Composite (+0.4%), and DJIA (+0.6%) continue to trade modestly higher in today's abbreviated session. 

Comcast (CMCSA 26.76, +0.18, +0.70%) is reportedly weighing a higher bid for Warner Bros. Discovery (WBD 24.06, +0.18, +0.74%), according to the New York Post, adding new intensity to an already crowded takeover battle. This potential move comes as Netflix (NFLX 107.55, +1.41, +1.33%) increases its pursuit of WBD's streaming and studio assets and as Paramount Skydance (PSKY 15.80, +0.01, +0.08%) emerges as the current frontrunner with a $25/share offer for the entire company.

The communication service sector (+0.3%) holds a modest gain for the day.