Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.6%), Nasdaq Composite (-0.4%), and DJIA (-0.7%) trade in a stable range, modestly above their session lows. 

Reuters reports that Alphabet (GOOG 234.26, +1.60, +0.69%) will face a 2.95 billion-euro fine over ad-tech practices that violated antitrust regulations. 

The stock is little changed from the headline, continuing to move higher after a sharp rally on Wednesday that followed a favorable ruling in a domestic antitrust case that allows the comoany to keep its Chrome browser. 

Mega-cap names are performing largely in line with the broader market today, with the Vanguard Mega Cap Growth ETF down 0.5%. 

Tesla (TSLA 350.28, +11.75, +3.47%) is a standout among the group, while NVIDIA (NVDA 166.14, -5.52, -3.22%) is a notable laggard.