Stock Market Update
17-Apr-26 14:30 ET
S&P 500 Higher as Homebuilders Rally, CF Industries Slides on Supply Concerns Easing
Dow +931.34
at 49510.19,
Nasdaq +331.05
at 24433.76,
S&P +82.90
at 7051.17
[BRIEFING.COM] The S&P 500 (+1.18%) is up about 83 points this afternoon.
Briefly, S&P 500 constituents Carvana (CVNA 388.13, +25.89, +7.15%), Builders FirstSource (BLDR 89.08, +5.18, +6.17%), and Dollar Tree (DLTR 105.23, +5.30, +5.30%) pepper the top of the standings. BLDR rallies alongside fellow homebuilders in response to falling interest rates.
Meanwhile, CF Industries (CF 112.69, -12.02, -9.64%) is weaker alongside fertilizer peers as Iran agreed to open up the Strait of Hormuz, freeing up the supply chain which in theory would bring down fertilizer prices.
