Stock Market Update
22-May-25 14:30 ET
S&P 500 hits highs but lags peers; COIN, UAL, PANW lead while ENPH slides on policy risks
Dow +199.51
at 42059.95,
Nasdaq +160.40
at 19033.04,
S&P +26.88
at 5871.49
[BRIEFING.COM] The S&P 500 (+0.46%) is at HoDs, but ultimately hosts the shallowest advance among the major averages on Thursday afternoon.
Briefly, S&P 500 constituents Coinbase (COIN 272.03, +13.04, +5.03%), United Airlines (UAL 75.74, +2.41, +3.29%), and Palo Alto Networks (PANW 186.91, +5.65, +3.12%) dot the top of the standings. COIN is benefiting from a continued rise in bitcoin prices, while UAL and PANW advance despite a dearth of corporate news.
Meanwhile, Enphase Energy (ENPH 38.00, -9.29, -19.64%) is firmly lower as the House-passed reconciliation bill eliminates key solar tax credits and accelerates restrictions on China-linked components -- both of which disproportionately hurt ENPH due to its international supply chain and reliance on U.S. residential demand.
