Stock Market Update
08-Sep-26 14:30 ET
S&P 500 Slips as Howmet, Stryker and GoDaddy Slide While Ciena Rallies
Dow -536.70
at 52877.55,
Nasdaq -40.79
at 26487.25,
S&P -26.58
at 7692.02
[BRIEFING.COM] The S&P 500 (-0.34%) is in second place on Tuesday afternoon, down about 27 points.
Briefly, S&P 500 constituents Howmet Aerospace (HWM 237.99, -21.28, -8.21%), Stryker (SYK 279.78, -23.35, -7.70%), and GoDaddy (GDDY 93.40, -7.91, -7.81%) pepper the bottom of the standings. For its part, SYK falls after appearing at a Wells Fargo conference today where management said manufacturing supply constraints will extend into Q4 and its joint replacement business has recovered more slowly than expected, raising concerns about near-term growth, while GDDY mgmt appeared at today's Citi Global TMT Conference.
Meanwhile, Ciena (CIEN 348.23, +27.23, +8.48%) is one of today's better performers, stronger alongside other optical stocks as investors bet that rising AI computing demands, including the shift toward 800G and 1.6T networking, will drive greater demand for high-speed optical networking equipment and photonics infrastructure.
