Stock Market Update
22-Apr-26 14:30 ET
S&P 500 Gains on Earnings; FICO Plunges on Mortgage Scoring Shift
Dow +200.22
at 49349.60,
Nasdaq +312.16
at 24572.13,
S&P +52.86
at 7116.87
[BRIEFING.COM] The S&P 500 (+0.75%) is in second place on Wednesday afternoon, up about 53 points.
Briefly, S&P 500 constituents Boston Scientific (BSX 64.64, +5.12, +8.60%), Intuitive Surgical (ISRG 486.67, +35.38, +7.84%), and Philip Morris International (PM 163.87, 10.62, +6.93%) pepper the top of the standings, all jumping after reporting earnings.
Meanwhile, Fair Isaac (FICO 891.20, -145.50, -14.03%) falls hard after Fannie Mae (FNMA 7.69, -0.20, -2.53%) and Freddie Mac (FMCC 6.77, -0.18, -2.59%) said they will begin accepting VantageScore 4.0 and later FICO 10T for mortgage lending, ending FICO's long-standing position as the primary credit scoring standard in the U.S. housing market. The change increases competition in credit scoring and raises concerns that FICO's dominance and pricing power in mortgage underwriting could erode over time..
