Stock Market Update
23-Feb-26 10:30 ET
S&P 500 moves below 50-day moving average
Dow -690.38
at 48934.48,
Nasdaq -155.98
at 22730.10,
S&P -50.20
at 6859.30
[BRIEFING.COM] The S&P 500 (-0.7%), Nasdaq Composite (-0.6%), and DJIA (-1.4%) continue to chart session lows this morning, with the S&P 500 moving below its 50-day moving average (6,897.10).
Factory orders declined 0.7% month-over-month in December (Briefing.com consensus: 0.9%) following a 2.7% increase in November. Excluding transportation, factory orders increased 0.4% after increasing 0.1% in November. Shipments of manufactured goods rose 0.5% after sliding 0.2% in November.
The key takeaway from the report is that the weakness was concentrated in the transportation industry; otherwise, it was a decent month of order activity for durable goods.
