Stock Market Update
28-Sep-26 14:30 ET
Risk-Off Selling Pressures CVNA, QCOM, DASH; PANW Leads S&P 500
Dow -270.87
at 51557.66,
Nasdaq -175.77
at 26913.99,
S&P -44.93
at 7698.58
[BRIEFING.COM] The S&P 500 (-0.58%) is in second place on Monday afternoon, down about 45 points.
Briefly, S&P 500 constituents Carvana (CVNA 60.27, -4.79, -7.36%), Qualcomm (QCOM 188.43, -13.54, -6.70%), and DoorDash (DASH 180.35, -13.01, -6.73%) pepper the bottom of the average. CVNA, QCOM, and DASH are all being pressured by today’s risk-off backdrop, with higher oil prices, rising Treasury yields and broader selling in consumer-discretionary and technology stocks weighing on growth-sensitive names, while QCOM also faces profit-taking after its recent rally and DASH remains under pressure from its $131.5 mln NYC delivery-worker settlement.
Meanwhile, Palo Alto Networks (PANW 391.13, +16.39, +4.37%) is atop the standings after BTIG Research upped their target to $425 (from $404) citing on constructive platform growth outlook.
