Stock Market Update
10-Sep-26 14:30 ET
S&P 500 Slips as FCX, BKR, LRCX Slide; ELV Jumps on Guidance
Dow -370.83
at 52009.83,
Nasdaq -156.34
at 26118.05,
S&P -43.60
at 7592.76
[BRIEFING.COM] The S&P 500 (-0.57%) is down about 44 points this afternoon.
Briefly, S&P 500 constituents Freeport-McMoRan (FCX 70.70, -5.53, -7.25%), Baker Hughes (BKR 59.18, -4.46, -7.01%), and Lam Research (LRCX 299.91, -15.93, -5.04%) dot the bottom of the average. FCX slides as uncertainty over refined-copper tariffs weighs on copper prices and prompts profit-taking, while BKR falls despite rising crude oil prices (the company did appear at a Jefferies Industrials conference today), while LRCX mirrors broader weakness in the semiconductor sector.
Meanwhile, Elevance Health (ELV 419.59, +24.41, +6.18%) is notably higher after reaffirming FY26 earnings guidance, with its adjusted EPS outlook of at least $27 modestly above consensus and managed-care peers also trading higher.
