Stock Market Update
16-Jun-26 10:35 ET
Major averages mostly lower as semiconductors face profit-taking
Dow +323.49
at 51994.52,
Nasdaq -130.50
at 26574.43,
S&P -18.54
at 7535.75
[BRIEFING.COM] The S&P 500 (-0.2%), Nasdaq Composite (-0.5%), and DJIA (+0.6%) now trade mostly lower, as losses across the information technology sector (-1.1%), and components of the PHLX Semiconductor Index (-1.4%) begin to widen.
Lumentum (LITE 881.37, -75.87, -7.93%) is the worst-performing S&P 500 name, while Intel (INTC 120.45, -7.41, -5.80%) is a chipmaking laggard.
NVIDIA (NVDA 208.82, -3.62, -1.71%) also moves lower after Bloomberg reported the company raised $25 billion through a debt sale.
