Stock Market Update
23-Mar-26 10:30 ET
Major averages maintaining opening strength
Dow +939.69
at 46516.05,
Nasdaq +490.55
at 22138.17,
S&P +129.23
at 6637.70
[BRIEFING.COM] The S&P 500 (+2.0%), Nasdaq Composite (+2.2%), and DJIA (+2.0%) are maintaining their strong opening gains as participation remains broad.
Construction spending decreased 0.3% month-over-month in January (Briefing.com consensus: 0.1%) following an upwardly revised 0.8% increase (from 0.3%) in December. On a year-over-year basis, construction spending was up 1.0%.
The key takeaway from the report is that the weakness was paced by a decline in private residential spending, which is believed to be a knock-on effect of labor constraints and higher interest rates
