Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.2%) and Nasdaq Composite (+0.5%) trade just beneath their session highs, while the DJIA (-0.3%) has slightly narrowed its loss. 

The communication services sector (+0.3%) now holds a modest gain, with Paramount Skydance (PSKY 18.67, +1.21, +6.93%) and Warner Bros. Discovery (WBD 19.30, +3.13, +19.36%) widening their gains while Alphabet (GOOG 241.98, +1.20, +0.50%) and Meta Platforms (META 755.18, +4.28, +0.57%) see some late-session growth.

In the information technology sector (+0.7%), Bloomberg reports that the executives of OpenAI and NVIDIA (NVDA 177.90, +0.73, +0.41%) and CoreWeave (CRWV 110.68, -2.01, -1.78%) will reveal major UK data center investment plans.