Stock Market Update
11-May-26 15:05 ET
Major averages mostly higher
Dow -5.39
at 49603.77,
Nasdaq +15.39
at 26262.46,
S&P +9.31
at 7408.24
[BRIEFING.COM] The S&P 500 (+0.2%), Nasdaq Composite (+0.2%), and DJIA (flat) continue to trade mostly higher as the market enters the final hour of the session.
Sector strength remains mixed, with six S&P 500 sectors trading higher.
As for today's laggards, the communication services (-2.2%) and consumer staples (-1.3%) sectors still occupy the bottom spots on today's leaderboard. While weakness is relatively broad in both sectors, there are a few stock-specific moves related to individual headlines today.
Netflix (NFLX 85.36, -2.12, -2.43%) trades lower after Texas AG Ken Paxton filed suit against the company for allegedly spying on Texas Kids and consumers by illegally collecting users' data without their knowledge or consent.
Meanwhile, Tyson Foods (TSN 66.58, -1.80, -2.64%) moves lower after The Wall Street Journal reported that President Trump will suspend beef import tariffs and increase imports to help curb high beef prices.
