Stock Market Update
13-Jul-26 11:55 ET
Major averages little changed from earlier levels amid light news flow
Dow -109.24
at 52527.77,
Nasdaq -270.84
at 26031.77,
S&P -34.01
at 7541.38
[BRIEFING.COM] The major averages trade lower in a relatively stable range at midday.
While corporate news is on the lighter side today, MGM Resorts (MGM 47.52, +0.64, +1.37%) is ticking higher after a Wall Street Journal report that it's negotiating a possible deal with Barry Diller's People Incorporated (PPLI 46.42, -0.07, -0.16%) after Mr. Diller offered to acquire all of the outstanding shares of MGM that it does not already own for $48.30 per share in cash. According to the report, MGM has set up a special board committee to help evaluate the proposal.
