Stock Market Update

[BRIEFING.COM] The Nasdaq Composite (+1.3%), S&P 500 (+0.7%), and DJIA (+0.3) are hovering near their session highs as the market enters the final half hour of trading. 

The major averages have compiled healthy gains today largely by way of mega-cap outperformance, as breadth figures have been relatively even, with decliners outpacing advancers by a roughly 7-to-6 margin on the NYSE and a roughly 11-to-9 margin on the Nasdaq.

The communication services sector (+0.9) has clawed its way back from early losses because of strength in its largest components. Alphabet (GOOG 197.10, +1.78, +0.91%), Meta Platforms (META 771.81, +8.35, +1.09%), and Netflix (NFLX 1178.07, +30.20, +2.63%) all sport healthy gains that have helped mask weakness in Walt Disney (DIS 115.51, -2.81, -2.37%) after the company's earnings reports. 

Elsewhere in the sector, Match Group (MTCH 37.05, +3.32, +9.84%) is one of the top-performing S&P 500 stocks today after the company reported EPS in-line, beat revenue expectations, and guided Q3 expectations above consensus.