Stock Market Update
16-Sep-25 12:05 ET
Warner Bros. Discovery trades lower after impressive rally
Dow -118.32
at 45764.92,
Nasdaq -23.23
at 22325.52,
S&P -9.49
at 6605.79
[BRIEFING.COM] The S&P 500 (-0.2%), Nasdaq Composite (-0.1%), and DJIA (-0.3%) trade just above session lows at midday.
Warner Bros. Discovery (WBD 17.74, -1.72, -8.81%) trades lower, with TD Cowen downgrading the stock to Hold from Buy, citing concerns if the proposed acquisition by Paramount Skydance (PSKY 18.13, -0.45, -2.40%) does not come to fruition, according to CNBC.
The communication services sector (-0.3%) holds a modest loss with its largest component, Alphabet (GOOG 251.07, -0.69, -0.27%), slightly retreating from yesterday's record high level.
