Stock Market Update
19-May-26 14:30 ET
S&P 500 Slips as American Tower Rallies on Upgrade While Estee Lauder Extends Losing Streak
Dow -188.20
at 49497.92,
Nasdaq -129.31
at 25982.42,
S&P -26.83
at 7376.22
[BRIEFING.COM] The S&P 500 (-0.36%) is down about 27 points this afternoon, hosting the shallowest losses among the major averages.
Briefly, S&P 500 constituents Kroger (KR 70.79, +2.47, +3.62%), American Tower (AMT 183.27., +5.99, +3.38%), and Hasbro (HAS 96.22, +2.50, +2.67%) dot the top of the standings. AMT rallies after Bernstein upgraded the stock to an Outperform (from Market Perform) as they think satellite concerns overdone amid valuation opportunity.
Meanwhile, Estee Lauder (EL 79.12, -3.89, -4.86%) is today's worst laggard; the stock is poised to extend its recent losing streak to five sessions if today's losses hold, having lost circa -11.7% since the top the morning after earnings.
