Stock Market Update
18-Jun-26 14:55 ET
Communication services sector rebounds
Dow +151.60
at 51644.15,
Nasdaq +427.88
at 26470.52,
S&P +78.77
at 7498.87
[BRIEFING.COM] The major averages continue to trade in a tight range as the market enters the final hour of the session.
After opening lower this morning, the communication services sector (+1.0%) has trended steadily higher through the session, now one of today's best-performing S&P 500 sectors.
Alphabet (GOOG 366.76, +4.66, +1.29%) is seeing some relief after a sharply lower finish yesterday. The stock is down around 3% for the month of June and is nearly 10% off its all-time high (408.61) from May 18, though today's gain has it back above its 50-day moving average (364.59).
Elsewhere in the sector, Take-Two (TTWO 239.92, +11.89, +5.21%) is sharply higher after the company's Rockstar Games announced that pre-orders for the eagerly anticipated Grand Theft Auto VI video game will begin on June 25.
