Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.1%) and Nasdaq Composite (+0.1%) are back in slightly positive territory as losses across semiconductor names narrow this afternoon, while strength in the broader market keeps the DJIA (+0.5%) outperforming.

Meta Platforms (META 633.21, +20.87, +3.41%) has made a nice move higher this afternoon after TechCrunch reported that the company will introduce consumer subscription plans globally. The stock is now a "magnificent seven" standout today, helping the communication services sector (+1.1%) rise to its best levels of the session.

Elsewhere, crude oil futures settled today's session $5.29 lower (-5.6%) at $88.60 per barrel, adding to the constructive backdrop for the broader market.