Stock Market Update

[BRIEFING.COM] The market sits at or near session highs.

Outsized moves are mostly reserved for stocks with specific catalysts. Consumer products spin-off from Johnson & Johnson (JNJ 159.42, -1.82, -1.1%), Kenvue (KVUE 20.55, +2.36, +13.0%), leads S&P 500 components after reporting earnings. 

Royal Caribbean (RCL 151.89, +12.11, +8.7%) is another winning standout after entering into exchange agreements with a limited number of existing holders of its 6.000% Convertible Senior Notes due 2025 in exchange for a combination of cash and shares of the Company's common stock.

Uber (UBER 62.63, +4.17, +7.1%) and Molson Coors Brewing (TAP 54.25, +3.10, +6.1%) are the next best performing S&P 500 components after reporting earnings.