Stock Market Update
30-Jun-26 14:30 ET
S&P 500 rises 0.8% as SNDK, APD, APH jump; ZBH drags medtech lower
Dow +146.50
at 52329.24,
Nasdaq +368.43
at 26209.57,
S&P +57.51
at 7497.94
[BRIEFING.COM] The S&P 500 (+0.77%) is in second place on Tuesday afternoon, up about 57 points.
Briefly, S&P 500 constituents Sandisk (SNDK 2242.74, +192.35, +9.38%), Air Products (APD 295.68, +24.33, +8.97%), and Amphenol (APH 176.81, +10.39, +6.24%) pepper the top of the standings. Bernstein upped their target to $3,000 (from $1,700) on SNDK this morning, while APD rallies after announcing it will abandon the capital-intensive Louisiana Clean Energy Complex and other underperforming hydrogen projects, taking a large charge but signaling a more disciplined focus on higher-return opportunities and strengthening long-term capital allocation.
Meanwhile, Zimmer Biomet (ZBH 84.67, -6.57, -7.20%) is the worst-performing constituent, mirroring pockets of broader weakness in medtech stocks -- SYK -4.7% ALGN -3.3% BAX -3.0% IDXX -2.5% PODD -2.2% MDT -2.2%.
