Stock Market Update
16-Sep-26 12:35 ET
Financials sector lags
Dow -39.83
at 52053.28,
Nasdaq +182.85
at 26185.47,
S&P +23.66
at 7609.39
[BRIEFING.COM] The major averages remain mostly higher just after midday.
The financials sector (-0.7%) continues to lag the broader market, with banking names broadly lower as investors brace for this afternoon's FOMC decision, which is widely expected to result in a hike that could be the first of several in a tightening cycle.
Additionally, Coinbase Global (COIN 165.65, -6.46, -3.75%) and Robinhood Markets (HOOD 105.88, -4.58, -4.14%) move lower again today after the Clarity Act crypto regulation bill failed to pass in the Senate.
