The major indices are trading mostly higher today with the Russell 2000 continuing its recent outperformance.

The S&P 500 is on track for its fifth consecutive monthly gain and poised to run further.

Losses in some big-cap names have limited upside moves for the Nasdaq, along with Communication Services and Technology. NVIDIA (NVDA), Meta Platforms (META) and Microsoft (MSFT) are some of the most influential underperformers today.

Fed Governor Christopher Waller is set to speak later today at 6:00pm ET, as the Street awaits the latest reading of the Personal Consumption Expenditures (PCE) price index, tomorrow.