Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.2%), Nasdaq Composite (+0.1%), and DJIA (+0.3%) hold modest gains shortly before midday amid a relatively uneventful session as investors await tomorrow's FOMC meeting. 

The small-cap Russell 2000 (+0.4%) holds a slightly higher gain, continuing this month's trend of outperformance, while the S&P MidCap 400 (+0.3%) holds a similar gain.

Eight S&P 500 sectors trade higher, though subdued performance across the market's largest names (the Vanguard Mega Cap Growth ETF is flat) limits gains at the index level. 

Only the communication services sector (-0.5%) holds a loss wider than 0.1% as Meta Platforms (META 655.21, -11.59, -1.74%) trades lower while Paramount Skydance (PSKY 14.20, -0.37, -2.57%) gives back some of yesterday's gains that followed the company's unsolicited bid to acquire Warner Bros. Discovery (WBD 27.66, +0.42, +1.56%). 

In other stock-specific news, AutoZone (AZO 3542.58, -224.38, -5.96%) and Campbell Soup (CPB 28.83, -1.21, -4.03%) move lower following their earnings reports, while CVS Health (CVS 79.02, +2.50, +3.26%) and KeyCorp (KEY 20.22, +0.84, +4.31%) both move higher after issuing upside guidance.