Stock Market Update
18-Sep-26 14:30 ET
S&P 500 Movers: QCOM, GM, LEN Slide; COO Rises on Jana Activist Push
Dow -119.44
at 51658.60,
Nasdaq +3.91
at 26443.25,
S&P -4.23
at 7633.53
[BRIEFING.COM] The S&P 500 (-0.06%) is now in second place on Friday afternoon, down about 4 points.
Briefly, S&P 500 constituents Qualcomm (QCOM 178.93, -9.78, -5.18%), General Motors (GM 82.42, -4.20, -4.85%), and Lennar (LEN 76.27, -3.43, -4.30%) dot the bottom of the standings. GM slips as Volkswagen's (VWAGY 8.72, -0.73, -7.73%) sharp profit-margin cut raises broader concerns over auto-industry profitability amid tariffs, rising costs and intensifying Chinese competition, while LEN falls as its Q3 earnings miss and weaker Q4 guidance highlight deteriorating demand, persistent affordability headwinds and mounting margin pressure, prompting multiple analysts to cut price targets.
Meanwhile, Cooper (COO 55.83, +2.05, +3.82%) is decently higher after activist investor Jana Partners called for leadership and strategic changes, including an external CEO search, new board chair and potential asset sales, including CooperVision.
