Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.4%), Nasdaq Composite (+0.6%), and DJIA (+0.2%) are trading in a stable manner following their opening moves. 

The communication services (+2.1%) sector widens its gain past 2.0% as the majority of its components trade higher.

The sector's largest component, Alphabet (GOOG 251.96, +10.58, +4.39%), continues its impressive run, currently holding an 18.1% gain for the month of September. 

Elsewhere in the sector, TKO Group Holdings (TKO 210.22, +7.78, +3.84%) advances after the company announced it has entered into an accelerated share repurchase agreement to repurchase $800 mln of its outstanding Class A common stock.