Stock Market Update
29-Sep-26 10:30 ET
Major averages little changed as semiconductors move higher
Dow -144.52
at 51336.90,
Nasdaq +55.90
at 26897.32,
S&P +1.78
at 7685.57
[BRIEFING.COM] The S&P 500 (flat), Nasdaq Composite (+0.1%), and DJIA (-0.2%) continue to drift in a tight range near their unchanged levels.
Semiconductor stocks, however, continue to move higher amid a busy morning of AI-related news items. Axios reports that OpenAI's annual recurring revenue is getting close to $70 billion. The PHLX Semiconductor Index is up 2.4%.
The Conference Board's Consumer Confidence Index decreased to 81.9 in September (Briefing.com consensus 90.0) from a downwardly revised 88.6 (from 89.4) in August. In the same period a year ago, the index stood at 95.6.
The key takeaway from the report is that consumer confidence weakened for both present conditions and the six-month outlook, with elevated prices for goods and services factoring into that assessment.
