Stock Market Update

[BRIEFING.COM] The major averages hold on to their early gains as the session approaches midday. 

The health care sector (-1.0%) is the worst-performing S&P 500 sector today, facing losses in a majority of its components.

Managed care names Molina Healthcare (MOH 174.90, -5.98, -3.31%) and Centene (CNC 32.30, -0.96, -2.87%) see some profit-taking today after both companies traded higher last week in response to reaffirmed FY25 guidance. 

The sector also faces pressure in its biotechnology names, with the iShares Biotechnology ETF down 0.7%.