Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average is down less than 40 points and the S&P 500 trades 0.7% lower after recovering off session lows.

The index level improvement coincided with reports from Israel that its Iron Dome missile defense system managed to destroy most of the strikes. 

Also, some mega cap names extended gains, providing a measure of support to the broader market. Meta Platforms (META 578.67, +6.28, +1.1%) and Alphabet (GOOG 169.03, +1.84, +1.1%) are influential winners in the space, propelling the S&P 500 communication services sector to trade 0.7% higher.