Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.86%) is in second place on Tuesday afternoon, down about 52 points.

Briefly, S&P 500 constituents Enphase Energy (ENPH 35.36, -10.57, -23.01%), United Airlines (UAL 74.30, -4.22, -5.37%), and Adobe (ADBE 383.85, -17.88, -4.45%) dot the bottom of the standings. ENPH sinks after the Senate Finance Committee proposed phasing out solar and wind tax credits by 2028, a move that threatens the long-term economics of residential solar adoption, while UAL slides after JetBlue (JBLU 4.28, -0.29, -6.35%) warned of persistently weak domestic travel demand; pressure also stems from United's earlier decision to cut summer capacity, ongoing Newark hub issues, and rising fuel cost volatility tied to geopolitical tensions.

Meanwhile, Valero Energy (VLO 142.43, +4.67, +3.39%) is one of today's top gain getters, helped along today by a rise in crude oil prices.