Stock Market Update
05-May-26 12:25 ET
Financials sector lags
Dow +269.23
at 49211.13,
Nasdaq +259.09
at 25326.89,
S&P +60.23
at 7260.98
[BRIEFING.COM] The S&P 500 (+0.8%), Nasdaq Composite (+1.0%), and DJIA (+0.5%) continue to trade in a stable range near session highs.
The financials sector (-0.2%) is now the only S&P 500 sector that trades lower pressured by several notable post-earnings retreats.
PayPal (PYPL 45.86, -4.53, -8.99%) is under pressure despite reporting a solid Q1 beat, as weak near-term guidance and ongoing investment needs overshadow otherwise healthy fundamentals. Revenue rose 7.2% year-over-year to $8.35 billion, coming in ahead of analyst expectations. The company guided Q2 adjusted EPS to decline about 9% year-over-year, well below expectations and the primary source of investor concern. PayPal reaffirmed its FY26 EPS outlook, offering some reassurance.
Meanwhile, Fiserv (FISV 56.79, -6.02, -9.58%) trades even lower despite beating Q1 expectations and reaffirming FY26 guidance.
