Stock Market Update
28-Aug-26 14:30 ET
PayPal, PG&E, Coinbase Lead S&P 500 Decliners; Domino’s Gains
Dow -55.11
at 53514.33,
Nasdaq -142.75
at 26419.65,
S&P -23.58
at 7707.41
[BRIEFING.COM] The S&P 500 (-0.31%) is in second place on Friday afternoon, down about 24 points.
Briefly, S&P 500 constituents PayPal (PYPL 53.77, -7.70, -12.53%), PG&E (PCG 16.47, -1.48, -8.25%), and Coinbase Global (COIN 176.22, -14.50, -7.60%) pepper the bottom of the standings. PLPL falls as the collapse of Advent and Stripe's takeover bid removes a key valuation catalyst, refocusing investors on the company's competitive and growth challenges, while PCG dips after California lawmakers blocked Governor Newsom’s proposed wildfire-liability plan, raising uncertainty around utilities' exposure to catastrophic fire losses and insurer claims, with COIN's losses once again tied directly to declines in cryptocurrencies across the market.
Meanwhile, Domino's Pizza (DPZ 352.45, +20.39, +6.14%) rises near the top of the average despite a dearth of corporate news.
