Stock Market Update
11-Aug-26 14:30 ET
S&P 500 Slips as Dell, Ferguson Enterprises, Ventas Weigh on Index; Jabil Jumps on UBS Upgrade
Dow -128.81
at 53847.17,
Nasdaq -181.61
at 26444.77,
S&P -25.02
at 7728.09
[BRIEFING.COM] The S&P 500 (-0.32%) is in second place on Tuesday afternoon, down about 25 points.
Briefly, S&P 500 constituents Ferguson Enterprises (FERG 252.37, -11.41, -4.33%), Dell (DELL 436.24, -21.64, -4.73%), and Ventas (VTR 88.37, -3.58, -3.89%) pepper the bottom of the standings. FERG reported earnings yesterday morning, DELL slides after Jefferies analysts said CoreWeave (CRWV 87.97, -0.22, -0.25%) and SpaceX (SPCX 131.17, -7.57, -5.46%) may source AI servers directly from Taiwanese ODMs, potentially reducing Dell's share of AI infrastructure spending.
Meanwhile, Jabil (JBL 354.08, +17.45, +5.18%) is one of today's better performers after UBS upgraded the shares to Buy citing the multiyear growth cycle and valuation upside.
