Stock Market Update
10-Mar-26 14:30 ET
S&P 500 dips on Iran mine concerns; VRTX, GLW surge on trial results and analyst optimism, FICO down
Dow +16.13
at 47755.82,
Nasdaq +11.75
at 22707.71,
S&P -5.81
at 6792.17
[BRIEFING.COM] The S&P 500 (-0.09%) has slipped below flat lines in recent trade in reaction to reports that Iran may be deploying mines in the Strait of Hormuz, which in turn is sending oil prices higher.
Briefly, S&P 500 constituents Vertex Pharma (VRTX 499.26, +38.39, +8.33%), Corning (GLW 137.16, +8.11, +6.28%), and Tapestry (TPR 149.50, +4.00, +2.75%) pepper the top of the standings. VRTX rises after the company reported positive interim Phase 3 RAINIER trial results for povetacicept in IgA nephropathy, while GLW advances on optimism from Citigroup analysts following management meetings, highlighting strong near- and mid-term growth prospects, double-digit sales expansion through 2028, and potential for significant free cash flow, with additional support from large U.S. telecom CAPEX plans boosting optical demand.
Meanwhile, Fair Isaac (FICO 1307.38, -133.82, -9.29%) is one of today's top laggards despite a dearth of corporate news.
