Stock Market Update
18-Sep-26 12:05 ET
Major averages at session lows
Dow -229.38
at 51548.66,
Nasdaq -37.53
at 26401.81,
S&P -17.66
at 7620.10
[BRIEFING.COM] The major averages sit at session lows at midday as weakness continues to broaden and semiconductor stocks give back some of their early gains.
Decliners now outpace advancers by a greater than 2-to-1 ratio on the NYSE and a roughly 2-to-1 clip, while only the energy sector (+0.3%) remains in positive territory.
Netflix (NFLX 71.49, -3.82, -5.07%) is one of the weakest-performing S&P 500 components after Wells Fargo downgraded the stock to Underweight from Equal Weight, with a target price of $77. The communication services sector (-0.5%) started the session as one of the strongest S&P 500 sectors, but has since moved lower as Alphabet (GOOG 345.59, +1.91, +0.56%) has given up the bulk of its early gain.
