Stock Market Update

[BRIEFING.COM] The major indices are little changed from previous values shortly after midday. 

Though the top-weighted information technology sector (+0.2%) holds just a modest gain, Datadog (DDOG 132.57, +18.56, +16.28%) is the top-performing S&P 500 name today following its Q4 earnings report this morning, as the cloud monitoring and security platform delivered a solid beat on EPS and an especially strong beat on revenue. The company also guided Q1 revenue well above analyst expectations, reinforcing confidence that growth momentum is reaccelerating across both its core customer base and AI-native customers.

On the policy front, Cleveland Fed President Hammack (FOMC voter) says the Fed could be on hold for quite some time, according to CNBC.