Stock Market Update
08-May-26 11:35 ET
Growth stocks leading today's gains
Dow +17.48
at 49614.45,
Nasdaq +336.49
at 26142.68,
S&P +53.12
at 7390.23
[BRIEFING.COM] Stocks are mixed today, with the S&P 500 (+0.7%) and Nasdaq Composite (+1.3%) notching fresh record highs as semiconductors and mega-caps lead, while the DJIA has retreated to its flatline.
The information technology sector (+2.1%) is sharply higher, due to a 3.8% gain in the PHLX Semiconductor Index, which outweighs a pullback in software names today.
The consumer discretionary sector (+0.8%) is the only other S&P 500 sector with a gain wider than 0.6%, supported by an extension of Tesla's (TSLA 429.43, +17.64, +4.28%) recent strength.
The Vanguard Mega Cap Growth ETF is up 1.0%, helping the market-weighted S&P 500 outperform the S&P 500 Equal Weighted index (+0.2%).
Outside of the S&P 500, the Russell 2000 (+0.2%) and S&P Mid Cap 400 (+0.3%) are modestly higher after yesterday's retreat.
