Stock Market Update

[BRIEFING.COM] While only the communication services (-0.6%), real estate (-0.6%), consumer staples (-0.5%), and health care (-0.1%) sectors hold losses at this juncture, gains elsewhere are not yet wide enough to push the S&P 500 (+0.2%) and Nasdaq Composite (+0.4%) past their record high levels. 

The DJIA (-0.2%) still trades beneath its flatline, though it has improved from session lows. 

The communication services sector lags as Meta Platforms (META 704.42, -6.14, -0.86%) continues its recent streak of underperformance, retreating 5.1% over the past week. 

Elsewhere in the sector, Verizon (VZ 42.36, -1.32, -3.01%) trades lower after naming Dan Schulman (former CEO of PayPal) as the company's new CEO and reaffirming its prior FY25 guidance.