Stock Market Update

[BRIEFING.COM] The major averages hold on to the bulk of their earlier gains heading into the final half hour of the session. Mega-cap and tech names continue to pace the gains against a backdrop of solid participation in the broader market. The S&P 500 (+0.9%) is maintaining a level above its 50-day moving average (6,765.55), while the Nasdaq Composite (+1.5%) sits about 80 points below its own 50-day moving average (23,120.09).

The House has voted 221-196 to pass "The Speed Act," which speeds up the federal permitting process for artificial intelligence infrastructure and energy needed for data centers. The bill now heads to the Senate.