Stock Market Update
31-Aug-26 12:30 ET
Industrials sector pressured by defense names
Dow +340.60
at 53900.59,
Nasdaq +89.78
at 26513.25,
S&P +35.31
at 7747.07
[BRIEFING.COM] Not much has changed for the stock market since the open, with the major averages moving within a relatively tight range as stocks face broad pressure today.
The industrial sector (-1.2%) is being weighed down in part by continued weakness across military contractors, leaving the SPDR S&P Aerospace & Defense ETF (XAR 255.72, -6.08, -2.32%) on track for its lowest close since late April. Howmet Aerospace (HWM 240.74, -24.11, -9.10%) is a notable laggard, falling to its lowest level since early June and approaching its 200-day moving average (244.45) after Elon Musk said in-house SpaceX (SPCX 143.42, +1.92, +1.36%) casting of natural-gas turbine blades and vanes could accelerate turbine deployment by up to 18 months.
