Stock Market Update
16-Jul-26 15:05 ET
Alphabet slips amid AI model delay
Dow -184.38
at 52474.26,
Nasdaq -339.57
at 25950.66,
S&P -40.44
at 7531.96
[BRIEFING.COM] The S&P 500 (-0.6%), Nasdaq Composite (-1.4%), and DJIA (-0.4%) are at session lows as the market enters the final hour of the session.
The decisive turn lower is partly due to Alphabet (GOOG 356.30, -13.91, -3.76%) moving sharply lower after Bloomberg reported that the company's Gemini 3.5 Pro model is being delayed because the model missed internal goals. With Alphabet's loss, the communication services sector (-2.5%) now holds the widest loss across S&P 500 sectors, though semiconductor names have not shown any late improvement, keeping the information technology sector (-1.7%) firmly lower as well.
