Stock Market Update
06-Oct-26 12:25 ET
Notable stock-specific moves
Dow +348.77
at 51616.58,
Nasdaq +186.83
at 27685.18,
S&P +61.55
at 7835.60
[BRIEFING.COM] The S&P 500 (+0.9%), Nasdaq Composite (+0.8%), and DJIA (+0.7%) remain near session highs just after midday.
While stocks trade broadly higher today amid more favorable macroeconomic conditions and momentum across market leaders, there are some notable stock-specific headlines in the mix. Seagate Tech (STX 809.98, -77.11, -8.69%) and Western Digital (WDC 413.70, -27.95, -6.33%) are giving back yesterday's gains that followed a double-digit retreat on Friday. Seagate reportedly expressed interest alongside Toshiba in TDK's magnetic-head business for hard drives, according to Bloomberg.
Meanwhile, Paramount Skydance completed its $110 billion acquisition of Warner Bros. Discovery, with the combined company now trading on the Nasdaq under the ticker Skydance (SKYD 9.28, -0.50, -5.06%).
On a more positive note, Corteva (CTVA 13.88, +1.48, +11.99%) trades sharply higher after JP Morgan upgraded the stock to Overweight from Neutral with a $19 target price.
