Stock Market Update

[BRIEFING.COM] Stocks are off their session lows, with the S&P 500 (-0.7%) and DJIA (-0.8%) holding similar gains, while some lingering weakness across mega-cap tech keeps the Nasdaq Composite (-1.2%) seated with a wider loss. 

The utilities (+1.4%) and consumer staples (+1.0%) sectors are sporting solid gains as investors rotate into more defensive holdings today. Both sectors are supported by broad strength, with several notable outperformers in the mix. 

Entergy (ETR 110.85, +7.99, +7.77%) is the best-performing S&P 500 component after announcing an additional agreement with Meta Platforms (META 529.25, -18.29, -3.34%) to support a hyperscaler data center in Northeast Louisiana. 

Meanwhile, Brown-Forman Corporation (BF-B 27.22, +1.48, +5.75%) sees an extension of yesterday's gains after confirming acquisition interest from Pernod-Ricard (PDRDY 47.12, -0.18, -0.38%).