Stock Market Update
07-Jan-26 14:30 ET
CRWD, PANW Lead Cyber Rally as S&P 500 Dips; SWKS Falls on Qorvo Deal
Dow -314.90
at 49146.97,
Nasdaq +103.21
at 23650.41,
S&P -2.31
at 6942.50
[BRIEFING.COM] The S&P 500 (-0.03%) is now in the red after spending most of the afternoon in positive territory, down about 2 points.
Briefly, S&P 500 constituents CrowdStrike (CRWD 482.09, +23.77, +5.19%), Palo Alto Networks (PANW 195.41, +9.55, +5.14%), and Incyte (INCY 110.75, +4.09, +3.83%) pepper the top of the standings. CRWD and PANW are rallying as Cantor names the two top large-cap cybersecurity picks for 2026, citing strong AI-driven demand, rising deal sizes, and optimism for cloud and identity security spending.
Meanwhile, Skyworks (SWKS 58.89, -7.38, -11.14%) slips lower on investor concerns around the proposed Qorvo (QRVO 80.75, -7.37, -8.36%) deal -- highlighting Apple concentration, integration risk, and unresolved China exposure -- amid broader RF/semiconductor weakness tied to handset demand uncertainty.
