Stock Market Update
09-Jul-26 12:05 ET
Communication services sector lags
Dow +183.75
at 52532.14,
Nasdaq +234.58
at 26126.23,
S&P +48.93
at 7531.64
[BRIEFING.COM] The major averages continue to trade higher at midday.
Paramount Skydance (PSKY 9.20, -0.54, -5.59%) is the worst-performing S&P 500 stock today after Reuters reported that states could file a lawsuit next week to block its merger with Warner Bros. Discovery (WBD 26.28, +0.12, +0.48%).
The loss weighs on the communication services sector (-1.4%), which also faces pressure from its largest component, Alphabet (GOOG 350.32, -8.38, -2.34%), as mega-cap tech names outside of the semiconductor space put up mixed performances today.
