Stock Market Update
04-Jun-26 14:30 ET
S&P 500 rises as BX, HUM, HOOD gain; CIEN slumps on profit-taking and outlook concerns
Dow +853.31
at 51540.38,
Nasdaq +61.75
at 26936.72,
S&P +39.89
at 7593.57
[BRIEFING.COM] The S&P 500 (+0.53%) is in second place on Thursday afternoon, up about 40 points.
Briefly, S&P 500 constituents Blackstone (BX 118.44, +8.16, +7.40%), Humana (HUM 349.50, +21.96, +6.70%), and Robinhood (HOOD 87.30, +4.45, +5.37%) pepper the top of the standings. BX rallies on renewed optimism around its AI infrastructure financing role highlighted by Broadcom's (AVGO 416.58, -62.65, -13.07%) comments, alongside a manageable BCRED redemption update that reassured investors about private credit flows and demand, while HOOD rises after announcing World Cup trading was now live on its prediction markets.
Meanwhile, Ciena (CIEN 532.98, -87.39, -14.09%) falls hard as investors likely took profits after a strong run and reacted to guidance and margin expectations that, while positive, may not have exceeded the market's already lofty expectations.
