Stock Market Update
05-Mar-26 14:30 ET
S&P 500 Slides 1.3% as GLW, FIX, and FCX Lead Laggards; TTD Surges on OpenAI Ad Talks
Dow -1101.80
at 47636.50,
Nasdaq -267.39
at 22540.11,
S&P -90.80
at 6780.69
[BRIEFING.COM] The S&P 500 (-1.32%) is in second place this afternoon, down about 90 points.
Briefly, S&P 500 constituents Corning (GLW 132.92, -11.92, -8.23%), Comfort Systems (FIX 1330.24, -100.14, -7.00%), and Freeport-McMoRan (FCX 61.88, -4.05, -6.14%) dot the bottom of the average. For its part, GLW slides after Broadcom's (AVGO 326.69, +9.16, +2.88%) CEO gave a cautious outlook on co-packaged optics, signaling the market isn't ready for widespread adoption. Investors are concerned that demand for next-gen optical components may remain limited, keeping traditional copper solutions dominant for now.
Meanwhile, The Trade Desk (TTD 29.75, +4.58, +18.20%) is firmly higher on news that OpenAI is in early talks with the company to partner on ad sales. Investors are optimistic that TTD could benefit from helping OpenAI monetize its AI tools, creating a potential new growth avenue.
