Stock Market Update
20-Aug-26 14:55 ET
Sitting on lows
Dow -632.64
at 52830.41,
Nasdaq -270.81
at 26081.31,
S&P -53.64
at 7654.34
[BRIEFING.COM] The major averages remain pressured going into the final hour of today's trade with the S&P 500 (-0.7%) widening this week's loss to 1.7%.
This week was fairly quiet in terms of economic data and it will end that way with tomorrow's docket limited to the flash S&P Global U.S. Manufacturing PMI (prior 53.9) and flash S&P Global U.S. Services PMI (prior 54.6) at 9:45 ET.
However, things will pick up in the middle of next week with the market scheduled to receive July Personal Income (prior 0.2%), Personal Spending (prior 0.3%), PCE Prices (prior -0.1%), and Core PCE Prices (prior 0.1%). That report will be released alongside the second estimate of Q2 GDP (prior 1.5%) and July Durable Orders (prior 0.3%) and Durable Orders ex-transportation (prior 0.6%).
Like stocks, Treasuries are on course for a lower finish with the 10-yr yield up five basis points at 4.70%.
