Stock Market Update
26-Feb-26 12:35 ET
Paramount Skydance moves higher after earnings
Dow -158.71
at 49322.33,
Nasdaq -368.22
at 22783.87,
S&P -65.59
at 6882.53
[BRIEFING.COM] The major averages remain lower across the board shortly after midday.
Paramount Skydance (PSKY 11.16, +1.00, +9.89%) is the best-performing S&P 500 name after delivering better-than-feared earnings results. The company reported revenues in-line and guided Q1 revenues below consensus, with FY26 revenues in-line.
The company also recently upped its bid for Warner Bros. Discovery (WBD 28.87, -0.03, -0.10%) to $31 per share.
Despite the solid move, the communication services sector (-1.1%) remains firmly lower due to weakness in Alphabet (GOOG 305.52, -7.51, -2.40%).
