Stock Market Update
13-May-26 12:00 ET
Consumer discretionary sector higher as mega-caps lead, Ford outperforms
Dow -216.83
at 49543.73,
Nasdaq +183.39
at 26271.59,
S&P +19.39
at 7420.35
[BRIEFING.COM] The major averages remain little changed from previous levels, continuing to trade mixed at midday.
The consumer discretionary sector (+0.6%) now holds a solid gain as leadership from Tesla (TSLA 446.79, +13.34, +3.08%) and Amazon (AMZN 268.42, +2.60, +0.98%) offset broader weakness.
Ford Motor (F 13.14, +1.16, +9.63%) is a notable exception, trading sharply higher after Morgan Stanley issued positive commentary around the company's energy storage business, suggesting it could generate $500 million to $600 million of run-rate EBIT.
