Stock Market Update
15-May-26 12:05 ET
Materials sector lags amid retreat in metals prices
Dow -527.49
at 49535.97,
Nasdaq -354.51
at 26280.71,
S&P -81.25
at 7419.99
[BRIEFING.COM] The major averages remain little changed from previous levels as rising oil prices and yields continue to exert broad pressure on the market.
The materials sector (-2.7%) is the worst-performing S&P 500 sector, with particular pressure across metals producers such as Newmont Corporation (NEM 108.70, -7.63, -6.56%) and Freeport-McMoRan (FCX 62.43, -3.71, -5.61%). Gold is currently down roughly 3% while silver is down over 10%.
