Stock Market Update
17-Jun-26 10:30 ET
Cyclical strength pushes DJIA to record highs
Dow +230.30
at 52229.97,
Nasdaq +72.33
at 26469.66,
S&P +16.29
at 7527.64
[BRIEFING.COM] The S&P 500 (+0.2%), Nasdaq Composite (+0.3%), and DJIA (+0.5%) now trade modestly higher across the board.
Despite the rebound in tech names, the DJIA is leading the major averages this morning and charting fresh all-time highs. The index is supported by solid gains across its financial components, including Goldman Sachs (GS 1116.44, +25.77, +2.36%), JPMorgan Chase (JPM 336.39, +5.25, +1.59%), and American Express (AXP 346.14, +5.40, +1.58%).
The financials sector (+0.8%) is the second-best-performing S&P 500 sector this week (+2.6% week-to-date), buoyed by the retreat in oil prices following the U.S. and Iran's agreement on a prospective deal (crude oil is up today but remains below $77 per barrel).
The industrials sector (+1.0%) holds the widest week-to-date gain (+3.1% week-to-date), with strength in its largest components, Caterpillar (CAT 968.50, +23.04, +2.44%), also contributing to the DJIA's outperformance.
