Stock Market Update

[BRIEFING.COM] There is just over an hour left in today's session, and the S&P 500 (-1.4%), Nasdaq Composite (-2.0%), and DJIA (-0.8%) continue their course to new session lows. The major averages are now mostly lower on a week-to-date basis, with only the DJIA (+1.1% week-to-date) remaining in positive territory.

Not much has changed from a headline perspective; rather, it is a continuation of earlier pressure. In particular, the communication services sector (-3.3%) faces mounting pressure as shares of Meta Platforms (META 547.55, -47.34, -7.96%) and Alphabet (GOOG 281.10, -8.49, -2.93%) both continue to face fallout from yesterday's social media addiction trial ruling. 

On the energy front, crude oil futures settled today's session $4.10 higher (+4.5%) at $94.43 per barrel, adding to today's pressures.