Stock Market Update

[BRIEFING.COM] The major averages continue to trade in a tight range as the market enters the final hour of the session.

After opening lower this morning, the communication services sector (+1.0%) has trended steadily higher through the session, now one of today's best-performing S&P 500 sectors.

Alphabet (GOOG 366.76, +4.66, +1.29%) is seeing some relief after a sharply lower finish yesterday. The stock is down around 3% for the month of June and is nearly 10% off its all-time high (408.61) from May 18, though today's gain has it back above its 50-day moving average (364.59).

Elsewhere in the sector, Take-Two (TTWO 239.92, +11.89, +5.21%) is sharply higher after the company's Rockstar Games announced that pre-orders for the eagerly anticipated Grand Theft Auto VI video game will begin on June 25.