Stock Market Update
13-Aug-26 11:05 ET
Memory names outperforming
Dow +48.89
at 53819.16,
Nasdaq +218.49
at 26828.00,
S&P +49.50
at 7798.00
[BRIEFING.COM] The major averages remain higher, though the DJIA (+0.1%) is fighting to stay in positive territory as Cisco (CSCO 114.72, -9.16, -7.39%) continues to move lower after its earnings.
Elsewhere in the information technology sector (+1.2%), memory names are outperforming, with the Roundhill Memory ETF up 3.6%. Western Digital (WDC 490.62, +36.52, +8.04%) is one of the best-performing S&P 500 names today, while Sandisk (SNDK 1429.15, +84.86, +6.31%) also trades higher after laying out its FY28-FY30 model, targeting mid-to-high-teens revenue growth and a ~50% free cash flow margin.
