Stock Market Update
12-Jan-26 14:30 ET
S&P 500 Edges Higher as Dexcom, Albemarle, and Seagate Lead; Moderna Slides on Tepid Outlook
Dow +18.34
at 49522.20,
Nasdaq +110.66
at 23782.03,
S&P +13.84
at 6980.11
[BRIEFING.COM] The S&P 500 (+0.20%) is in second place on Monday afternoon, up about 14 points.
Briefly, S&P 500 constituents Dexcom (DXCM 71.77, +4.37, +6.48%), Albemarle (ALB 168.68, +7.39, +4.58%), and Seagate Tech (STX 318.00, +13.99, +4.60%) dot the top of the standings. DXCM rises after a solid Q4 update, while ALB caught a Scotiabank upgrade to Sector Outperform this morning, and STX announced new 32TB drives across select product lines.
Meanwhile, biotech firm Moderna (MRNA 32.68, -1.62, -4.72%) is one of today's worst laggards after the company's business update met expectations but did little to change the near-term outlook, with FY25 revenue merely matching consensus and "up to 10%" growth in 2026 seen as modest off a depressed base. Investors also remain focused on the long path to profitability, as operating expenses still far exceed revenue and concrete late-stage pipeline catalysts were lacking.
