Stock Market Update
18-Oct-24 11:55 ET
CVS lags in health care sector, ISRG leads
Dow -47.50
at 43191.55,
Nasdaq +105.26
at 18478.87,
S&P +17.44
at 5858.91
[BRIEFING.COM] The market-cap weighted S&P 500 trades x% higher and the Invesco S&P 500 Equal Weight ETF (RSP) trades 0.1% higher.
Outsized downside moves are mostly reserved for stocks with specific catalysts. CVS Health (CVS 57.75, -5.95, -9.3%) is the worst performer in the S&P 500 after announcing that David Joyner was appointed President and Chief Executive Officer, effective October 17, replacing Karen Lynch. The company also lowered its Q3 guidance.
The health care sector still trades up 0.2% despite the loss in CVS. A big earnings-related gain in Intuitive Surgical (ISRG 515.15, +41.42, +8.7%) has provided offsetting support. It is among the top stocks in the S&P 500.
