Stock Market Update

[BRIEFING.COM] The stock market has spent the past two hours in a sideways range just below session highs.

Investors remain on guard for potential headlines from Washington, given the ongoing uncertainty surrounding the Israel-Iran conflict, and the upcoming FOMC Statement for June.

While the market does not expect the Fed to lower the fed funds rate range at this time, Fed Chairman Powell's remarks could influence the market's expectations for the timing of the next cut.

At this time, there are 2.61 NYSE issues trading in the green for each decliner while NASDAQ advancers outpace decliners by a 2.25:1 ratio.