Stock Market Update

[BRIEFING.COM] The three major indices moved off session highs, but remains comfortably in positive territory.

Some influential stocks in the market turned negative or extended early losses in recent trading. Amazon.com (AMZN 182.88, -2.00, -1.1%), Meta Platforms (META 536.76, -6.44, -1.2%), and Tesla (TSLA 249.47, -2.79, -1.1%) are among the top weighted losers.

Earlier, the NY Fed's Survey of Consumer Expectations showed that median inflation expectations increased by 0.5% to 3.6% at the one-year ahead horizon, were unchanged at 3.0% at the three-year ahead horizon, and decreased by 0.1% to 2.9% at the five-year ahead horizon.