Stock Market Update
18-Jun-26 14:30 ET
S&P 500 Rises as MU, GLW, GNRC Lead AI-Driven Gains; CTSH Slumps on IT Demand Worries
Dow +146.25
at 51638.80,
Nasdaq +407.53
at 26450.17,
S&P +76.20
at 7496.30
[BRIEFING.COM] The S&P 500 (+1.03%) is in second place on Thursday afternoon, up about 76 points.
Briefly, S&P 500 constituents Corning (GLW 192.27, +16.87, +9.62%), Micron (MU 1141.93, +98.74, +9.47%), and Generac (GNRC 284.88, +16.68, +6.22%) pepper the top of the standings. MU caught target raises at Wedbush, Citi, and Stifel (among others) today, while GNRC rallies as investors continue to re-rate it as a key AI data center power beneficiary, supported by recent hyperscaler-related demand, analyst optimism, and ongoing momentum near multi-year highs.
Meanwhile, Cognizant Tech (CTSH 44.29, -4.53, -9.28%) is one of today's worst laggards in sympathy with Accenture (ACN 126.93, -29.08, -18.64%) after its weak results and lowered growth outlook reinforced concerns about slowing enterprise IT services demand and AI-driven budget pressure across the sector.
