Stock Market Update
15-Sep-25 14:30 ET
S&P 500 gains 0.4% as Seagate, Albemarle, and Estee Lauder lead; Corteva slumps on split concerns
Dow +15.85
at 45849.86,
Nasdaq +175.26
at 22316.36,
S&P +25.14
at 6609.43
[BRIEFING.COM] The S&P 500 (+0.38%) is in second place on Monday afternoon, up about 25 points.
Briefly, S&P 500 constituents Seagate Tech (STX 211.81, +15.82, +8.07%), Albemarle (ALB 81.01, +5.03, +6.62%), and Estee Lauder (EL 86.76, +3.11, +3.72%) dot the top of the standings. STX follows general HDD strength with BofA Securities upping their target on STX this morning on their view that the HDD cycle remains strong, while EL also caught a target raise out of Evercore ISI.
Meanwhile, Corteva (CTVA 70.06, -4.23, -5.69%) is lagging as the market questioned the strategic and financial merits of a potential Seed/Crop Protection split, with analysts warning it could dilute synergies, create two weaker entities, and offer unclear value creation.
