Stock Market Update
15-Sep-26 14:30 ET
S&P 500 Leads Declines as AXON, CMG, STX Slide, RVTY Surges
Dow -407.02
at 52014.18,
Nasdaq -188.23
at 26019.23,
S&P -34.17
at 7585.81
[BRIEFING.COM] The S&P 500 (-0.45%) is in "first" place on Tuesday afternoon, down about 34 points, with more aggressive losses being had elsewhere.
Briefly, S&P 500 constituents Axon (AXON 447.77, -42.41, -8.65%), Chipotle Mexican Grill (CMG 34.67, -2.35, -6.36%), and Seagate Tech (STX 762.86, -42.69, -5.30%) pepper the bottom of the standings. AXON falls on concerns that its $1 bln zero-coupon convertible offering could dilute shareholders and fund potential acquisitions, while raising questions about increased capital needs, while CMG dips amid broad weakness in casual dining stocks and concerns about consumer spending.
Meanwhile, Revvity (RVTY 139.50, +11.01, +8.57%) is solidly higher despite a dearth of corporate news.
