Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.8%), Nasdaq Composite (+0.7%), and DJIA (+1.2%) sit just below session highs as midday approaches. 

CNBC reports that the Senate is planning a vote on Monday regarding Stephen Miran's nomination as Fed Governor. If the Senate clears the nomination, Mr. Miran would be able to vote at the September 16-17 FOMC meeting.

Corporate headlines are relatively quiet today amid a slim batch of earnings reports, though several companies have made announcements regarding future outlooks.

Delta Air Lines (DAL 58.96, -2.43, -3.96%) reaffirmed its Q3 guidance while raising the lower end of its adjusted revenue outlook to $14.9-$15.2 billion, equating to growth of 2-4% year-over-year. The prior outlook called for flat-to-4% growth, and today's update reflects improved booking trends, industry supply rationalization, and continued strength in premium demand. The stock trades lower today, though it still holds a 10% gain over the past month.

As previously mentioned, Centene (CNC 34.64, +3.37, +10.78%) trades higher after reaffirming its FY25 EPS guidance.

Additionally, Royal Caribbean (RCL 351.46, +9.96, +2.92%) holds a nice gain after hiking its dividend 33% to $1.00 per share last night.