Stock Market Update
31-Aug-26 14:30 ET
S&P 500 Slips as Clorox, Wynn, Reddit Weigh on Index; Coinbase Rallies
Dow -332.05
at 53227.94,
Nasdaq -97.77
at 26325.70,
S&P -30.55
at 7681.21
[BRIEFING.COM] The S&P 500 sheds about 31 points (-0.40%) this afternoon, in second place among the major averages.
Briefly, S&P 500 constituents Clorox (CLX 97.84, -4.69, -4.57%), Wynn Resorts (WYNN 91.15, -4.11, -4.31%), and Reddit (RDDT 147.21, -5.79, -3.78%) dot the bottom of the average. RDDT falls as the EU's "Very Large Online Platform" designation raises concerns over higher compliance costs and potential restrictions on content, algorithms and advertising.
Meanwhile, Coinbase Global (COIN 186.85, +8.21, +4.60%) is decently higher after Cantor upped their target on the stock to $212 (from $184) following mgmt commentary and Q3 guidance; strength in cryptocurrencies are also contributing to the gains.
