Stock Market Update
31-Jul-25 12:25 ET
Communication services sector outperforms
Dow +14.59
at 44475.87,
Nasdaq +224.18
at 21352.48,
S&P +36.99
at 6399.89
[BRIEFING.COM] The S&P 500 (+0.6%) maintains its early growth, with help from gains in six sectors, including strong leadership from communication services (+2.9%).
Post-earnings leadership from Meta Platforms (META 777.68, +82.47, +11.9%) is masking relative weakness in other heavyweights such as Alphabet (GOOG 194.78, -2.66, -1.4%) and Netflix (NFLX 1175.59, -8.61, -0.7%).
Comcast (CMCSA 33.12, +0.62, +1.9%) is also trading higher today in response to earnings, as the company beat EPS expectations by $0.09 and delivered a beat on revenues.
Meanwhile, Paramount Global (PARA 12.07, -1.23, -9.3%) is the weakest performer in the sector ahead of its earnings report today after the close.
