Stock Market Update
09-Jan-26 10:10 ET
Mixed action as Supreme Court does not issue tariff ruling
Dow -50.49
at 49215.41,
Nasdaq -10.12
at 23469.92,
S&P +5.60
at 6927.05
[BRIEFING.COM] The S&P 500 (+0.1%), Nasdaq Composite (flat), and DJIA (-0.1%) are mixed higher shortly after the open.
The Supreme Court will not issue a ruling on the legality of the IEEPA tariffs today.
Nine S&P 500 sectors trade at or above their baselines, though gains are largely modest. The utilities sector (+1.8%) is the early standout, with Vistra Corp. (VST 172.04, +21.44, +14.24%) rising sharply after announcing an agreement with Meta Platforms (META 646.79, +0.73, +0.11%) to support nuclear plants in PJM and add new nuclear generation to the grid.
The industrials sector (+0.9%) is another top mover, benefitting from continued strength in its defense names after President Trump called for a substantial increase in the military budget for 2027.
Just released, the preliminary University of Michigan Consumer Sentiment reading for January increased to 54.0 (Briefing.com consensus: 53.0) from the final December reading of 52.9.4
