Stock Market Update
19-Oct-26 15:05 ET
S&P 500 wrestles with 50-day moving average
Dow +49.38
at 52052.00,
Nasdaq +336.95
at 26497.43,
S&P +45.83
at 7705.34
[BRIEFING.COM] The S&P 500 (+0.6%), Nasdaq Composite (+1.2%), and DJIA (+0.1%) continue to move in a relatively stable range as the market enters the final hour of the session. Notably, the S&P 500 sits just below its 50-day moving average (7,705.63), which it moved above earlier in the session.
The index's worst performers include electric utilities names such as Eversource Energy (ES 64.15, -2.70, -4.04%) and real estate investment trusts such as Alexandria RE (ARE 40.21, -1.41, -3.39%), with both groups moving firmly lower amid the reversal in Treasury yields today.
Trucking names such as FedEx Freight (FDXF 109.36, -3.85, -3.40%) and J.B. Hunt Transport (JBHT 222.71, -6.07, -2.65%) are also under increased pressure amid rising ol prices, with crude oil futures settling today's session $1.84 higher (+1.8%) at $103.24 per barrel.
