Stock Market Update
18-Oct-24 10:40 ET
Mega caps, chipmakers, growth stocks lead market
Dow -100.03
at 43139.02,
Nasdaq +112.53
at 18486.14,
S&P +13.56
at 5855.03
[BRIEFING.COM] The three major indices moved mostly sideways over the last half hour. The S&P 500 trades about ten points higher and the Nasdaq Composite trades about 100 points higher.
Relative strength in semiconductor-related names, growth stocks, and mega caps has contributed to index gains. The PHLX Semiconductor Index (SOX) trades 0.6% higher and the Vanguard Mega Cap Growth ETF (MGK) shows a 0.6% gain.
Market breadth reflects more mixed action under the surface. Advancers lead decliners by an 11-to-10 margin at the NYSE and by a 3-to-2 margin at the Nasdaq.
