Stock Market Update
19-Oct-26 12:05 ET
Rate-sensitive stocks underperforming
Dow +0.90
at 52003.52,
Nasdaq +399.94
at 26560.42,
S&P +52.02
at 7711.53
[BRIEFING.COM] The major averages remain near session highs at midday, supported by a 3.2% gain in the PHLX Semiconductor Index as it looks to snap an eight-session losing streak.
Meanwhile, some rate-sensitive pockets of the market are facing pressure as Treasury yields begin to creep higher. The 10-year note yield is currently up four basis points to 5.14%. The utilities (-1.6%) and real estate (-1.1%) sectors remain today's worst-performing S&P 500 sectors.
While the consumer discretionary sector (+2.8%) remains at the top of the leaderboard due to strength in its mega-cap components, homebuilder stocks are a point of considerable weakness, with the iShares US Home Construction ETF down 1.0%.
