[BRIEFING.COM] The S&P 500 (-0.17%) is in second place on Tuesday afternoon, down about 11 points.
Briefly, S&P 500 constituents Coinbase Global (COIN 181.90, -18.72, -9.33%), The Trade Desk (TTD 22.37, -1.58, -6.60%), and Gartner (IT 152.19, -10.40, -6.40%) slide to the bottom of the standings. COIN slides as a proposed U.S. stablecoin bill could ban interest-like yields on stablecoins, undermining a key driver of retail adoption, TTD falls after Omnicom (OMC 75.52, -0.12, -0.16%) launched an audit of TTD's fees, fueling investor concern and driving the stock to new lows.
Meanwhile, Lumentum (LITE 788.14, +59.19, +8.12%) holds solid gains near the top of the average, returning to winning ways and probing new all-time highs amid broader strength in optical stocks.