Stock Market Update

[BRIEFING.COM] The Nasdaq Composite (+0.4%) has resurfaced above its baseline, while the S&P 500 (-0.2%) and DJIA (-0.3%) remain lower after Fed Chair Powell said that another rate cut in December is far from a foregone conclusion. 

Five S&P 500 sectors hold gains, with the industrials (+0.2%) and utilities (+0.1%) reentering positive territory after sliding in response to Mr. Powell's comments.

Investors now look ahead to another important round of earnings releases after the close, which will feature reports from Alphabet (GOOG 273.90, +5.47, +2.04%), Meta Platforms (META 748.59, -2.85, -0.38%), and Microsoft (MSFT 539.29, -2.78, -0.51%).