Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.2%) holds a modest loss as selling in eight sectors outweighs gains in three groups, paced by communication services (+1.1%).

For the second day in a row, the communications services sector is being supported entirely by Alphabet (GOOG 175.39, +5.33, +3.1%) as the stock builds on yesterday's rally that followed the company's upbeat commentary about its AI development. Top component Meta Platforms (META 637.83, +2.33, +0.4%) also trades in the green while most remaining sector components are down, though their losses have been kept in check.

Treasuries have not seen much recent change, keeping the 10-yr yield near 4.59%.