Stock Market Update
17-Oct-24 14:30 ET
Snap-On, Steel Dynamics perform well in S&P 500 after earnings
Dow +152.46
at 43230.16,
Nasdaq +38.19
at 18405.27,
S&P +5.82
at 5848.29
[BRIEFING.COM] A coordinated selling effort took the major average modestly lower in the last half hour, the S&P 500 (+0.1%) now hovering just above flat lines and near afternoon lows.
Elsewhere, S&P 500 constituents Snap-On (SNA 324.68, +26.60, +8.92%), Steel Dynamics (STLD 136.48, +6.62, +5.10%), and Chubb (CB 300.72, +7.62, +2.60%) pepper the top of the average. SNA and STLD are higher after earnings, while CB benefits from broader strength in insurance stocks following Travelers' (TRV 263.14, +20.19, +8.31%) Q3 beat.
Meanwhile, California-based managed care firm Molina Healthcare (MOH 290.62, -40.38, -12.20%) is one of the worst performers today in sympathy to Elevance Health (ELV 432.67, -64.29, -12.94%) results.
