Stock Market Update
21-May-25 14:30 ET
S&P 500 slips 1.3% as PANW, PSX lead declines; Newmont gains with commodities
Dow -706.83
at 41970.41,
Nasdaq -194.74
at 18947.97,
S&P -74.78
at 5865.68
[BRIEFING.COM] The S&P 500 (-1.26%) is in second place on Wednesday afternoon.
Briefly, S&P 500 constituents Amentum Holdings (AMTM 20.43, -1.47, -6.71%), Palo Alto Networks (PANW 182.39, -12.09, -6.22%), and Phillips 66 (PSX 113.85, -7.05, -5.83%) dot the bottom of the standings. PANW slides after earnings/guidance, while PSX falls after shareholders elected two Elliott Management nominees to the board, signaling strong dissatisfaction with current leadership and strategy.
Meanwhile, Newmont Corporation (NEM 52.71, +0.41, +0.78%) is decently higher, mirroring strength in the commodity complex today.
