Stock Market Update
09-Oct-25 14:25 ET
S&P 500 slips as AppLovin, PulteGroup, and Newmont weigh; Albemarle jumps on TD Cowen target boost
Dow -263.60
at 46337.97,
Nasdaq -83.58
at 22959.82,
S&P -28.03
at 6725.68
[BRIEFING.COM] The S&P 500 (-0.42%) is in second place on Thursday afternoon, down about 28 points.
Briefly, S&P 500 constituents AppLovin (APP 600.35, -29.35, -4.66%), PulteGroup (PHM 121.53, -6.13, -4.80%), and Newmont Corporation (NEM 84.85, -3.55, -4.02%) dot the bottom of the standings. APP slides after a Needham analyst call flagged slowing growth in its core gaming business and muted momentum in e-commerce initiatives, while PHM falls after Barclays warned of softer margins, elevated valuations, and overly optimistic 2026 estimates across large-cap homebuilders, and NEM is weaker owing in part to losses in gold.
Meanwhile, Albemarle (ALB 96.16, +4.47, +4.88%) is one of today's better performers, stronger today after analysts at TD Cowen upped their target on the stock to $85 from $70 ahead of the Q3 print.
