Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.08%) is in second place on Monday afternoon.

Briefly, S&P 500 constituents First Solar (FSLR 162.25, -16.21, -9.08%), AES (AES 11.68, -0.53, -4.34%), and Best Buy (BBY 71.08, -2.72, -3.69%) dot the bottom of the standings. FSLR slides after Republican lawmakers said they secured a deal to end key clean-energy tax credits earlier than planned, threatening a major source of support for the solar industry, while BBY is weaker after catching a Wells Fargo target cut this morning to $75 from $85.

Meanwhile, Moderna (MRNA 26.30, +1.44, +5.79%) is one of today's best performers, rallying on renewed COVID-19 concerns, with rising cases in Asia sparking investor interest in vaccine makers like MRNA and BioNTech (BNTX 97.33, +4.44, +4.79%). Additional momentum came from positive headlines tied to Novavax (NVAX 7.76, +1.03, +15.30%) and broader strength in the healthcare sector.