Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.9%), Nasdaq Composite (-1.3%), and DJIA (-0.7%) are a touch off their opening lows, but remain firmly lower this morning.

The information technology (-1.4%) is considerably improved from its worst levels, which is largely due to strength in Apple (AAPL 299.83, +1.62, +0.54%) and Microsoft (MSFT 420.75, +11.32, +2.76%), the only two "magnificent seven" names that trade higher. MSFT in particular is a standout after headlines that Pershing Square has built a position in the company, according to CNBC.

The Vanguard Mega Cap Growth ETF is down 0.9%.

U.S. Treasuries are also under pressure today. With today's losses, yields on the 5-year note and shorter tenors have reached their highest levels since February 2025 while yields on 10s and 30s are back to levels last seen in almost a year.