Stock Market Update

16-Jan-26 10:35 ET
Materials sector lags
Dow -95.13 at 49346.10, Nasdaq -10.30 at 23519.75, S&P -3.98 at 6940.48

[BRIEFING.COM] The S&P 500 (flat) and Nasdaq Composite (flat) have retreated from their modest opening gains, while the DJIA (-0.2%) remains slightly lower. 

The materials sector (-0.9%) continues to be the worst-performing S&P 500 sector this morning. 

Mosaic (MOS 26.63, -0.95, -3.44%) is a laggard after providing a cautious update for 4Q25, warning that North American fertilizer demand fell significantly below seasonal norms. While the company faced a challenging environment late in the year due to economic and weather-related headwinds, it maintains a constructive outlook for 2026, driven by an expected recovery in nutrient replenishment and global supply constraints.

Elsewhere in the sector, Albemarle (ALB 163.13, -10.65, -6.13%) and Amcor (AMCR 42.06, -2.10, -4.77%) move lower despite Robert W. Baird upgrading both stocks to Outperform from Neutral, while Nucor (NUE 171.33, -3.46, -1.98%) and Freeport-McMoRan (FCX 58.06, -1.90, -3.16%) face pressure amid a slide in precious metals prices. 

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