Stock Market Update
02-Sep-26 12:25 ET
Major averages trade in stable range
Dow +226.19
at 52993.07,
Nasdaq +106.14
at 26226.97,
S&P +36.33
at 7667.80
[BRIEFING.COM] The S&P 500 (+0.6%), Nasdaq Composite (+0.5%), and DJIA (+0.5%) have settled into a stable range near their session highs.
Only the utilities (-0.3%) and real estate (-0.6%) sectors remain in negative territory today, with PG&E (PCG 12.96, -1.10, -7.86%) and Edison (EIX 55.03, -3.77, -6.41%) among the worst-performing S&P 500 components, giving back yesterday's gains that followed news that the California Assembly will kill the wildfire liability plan agreed to by lawmakers and Gov. Newsom just days ago. The proposed plan had been a source of concern for PG&E and Southern California Edison because it would not have allowed the utilities to shift future wildfire costs to insurance.
