Stock Market Update
15-Sep-26 13:25 ET
DJIA Falls Nearly 1%, Led Lower by Goldman Sachs, Amazon and Nike
Dow -467.21
at 51953.99,
Nasdaq -220.34
at 25987.12,
S&P -41.19
at 7578.79
[BRIEFING.COM] The Dow Jones Industrial Average (-0.89%) is in last place on Tuesday afternoon, down about 467 points.
A look inside the DJIA shows that Goldman Sachs (GS 959.44, -29.01, -2.93%), Amazon (AMZN 248.58, -4.96, -1.96%), and Nike (NKE 36.39, -0.66, -1.78%) are underperforming.
Meanwhile, Chevron (CVX 216.50, +4.33, +2.04%) is firmly atop the average.
The DJIA is now -1.51% off Monday's opening highs.
Elsewhere, U.S. Treasuries remain in the red with longer tenors sliding back to their morning lows in recent trade. Intraday action has turned into a sideways drift at this year's lows with 10-yr note futures trading just 20 ticks above their low from late 2023. The market has not received much help from the just completed $13 bln 20-yr bond reopening, which met weak demand. The sale drew a high yield of 5.420%, which tailed the when-issued yield by two basis points. The bid-to-cover ratio (2.57x) was below average (2.64x) while indirect takedown (52.5%) was also weaker than average (65.1%).
