Stock Market Update

[BRIEFING.COM] The major averages are back in modestly positive territory after the debut of SpaceX (SPCX 164.98, +29.98, +22.20%) caused some volatility across tech names.

The information technology sector (+0.3%) has resurfaced above its flatline, though many of its largest components still trade lower.

The broader market continues to garner support from cooling geopolitical tensions, with Pakistani Prime Minister Shehbaz Sharif posting on X, "we can confirm that a final, agreed upon text of the peace deal has been reached and Pakistan is now working closely with both sides to finalize the next steps. Peace has never been this close as it is now."