Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.4%), Nasdaq Composite (+0.6%), and DJIA (+0.6%) are moving off their session highs as the market enters the final hour of the session. 

The top-weighted information technology sector (+0.3%) has ceded over half its previous strength as losses begin to accumulate across software names, sending the iShares GS Software ETF 0.7% lower. 

Meanwhile, the communication services sector now sits flat for the day, with Alphabet (GOOG 287.97, -1.23, -0.43%) moving into negative territory after a jury found the company and Meta Platforms (META 594.27, +1.35, +0.23%) liable in a landmark social media addiction trial over platform design, according to Bloomberg.