Stock Market Update
16-Jan-26 14:30 ET
S&P 500 Edges Higher as GEV, Q, MRNA Lead Gains; CEG Slumps on Power Auction Risk
Dow -23.03
at 49418.20,
Nasdaq -9.01
at 23521.04,
S&P +0.91
at 6945.37
[BRIEFING.COM] The S&P 500 (+0.01%) is narrowly higher on Friday afternoon, giving up afternoon highs over the prior half hour.
Briefly, S&P 500 constituents GE Vernova (GEV 678.36, +36.13, +5.63%), Qnity Electronics (Q 97.76, +4.64, +4.98%), and Moderna (MRNA 41.22, +1.86, +4.73%) pepper the top of the standings. GEV is higher as investors favor equipment makers poised to benefit from the new construction mandate, while Q rallies as management reaffirmed FY25 guidance, easing uncertainty, while the internally managed CFO transition is being viewed as low risk.
Meanwhile, Constellation Energy (CEG 301.92, -39.28, -11.51%) slides hard after President Trump's proposed emergency power auction threatens its high-margin co-location model by forcing tech firms to fund massive new generation capacity, likely depressing power prices and eroding scarcity-driven profits across independent power producers.
