Stock Market Update
30-Mar-26 14:30 ET
S&P 500 slides 0.3% as SYY, BSX, and MU weigh on the index while AJG rises on Australian acquisition
Dow +117.33
at 45282.86,
Nasdaq -146.38
at 20801.99,
S&P -20.18
at 6350.66
[BRIEFING.COM] The S&P 500 (-0.32%) is in second place on Monday afternoon, down about 20 points.
Briefly, S&P 500 constituents Sysco (SYY 70.10, -11.70, -14.30%), Boston Scientific (BSX 62.80, -6.37, -9.21%), and Micron (MU 325.53, -31.54, -8.83%) pepper the bottom of the average. SYY slides as investors react to its ~$29 bln Restaurant Depot acquisition, which is being funded largely with new debt and stock, raising concerns about leverage, dilution, and a pause in share buybacks, while BSX falls on concerns about an FTC second request and slower near-term growth in key segments, despite positive CHAMPION-AF trial results.
Meanwhile, Arthur J. Gallagher (AJG 216.30, +9.20, +4.44%) is notably higher today; the company earlier announced the acquisition of Australian-based International Insurance Brokers Pty Ltd.
