Stock Market Update
28-Oct-24 10:30 ET
NVDA, AVGO underperform broader equity market
Dow +337.56
at 42451.96,
Nasdaq +140.63
at 18659.23,
S&P +34.26
at 5842.38
[BRIEFING.COM] The stock market still sports gains at the index level, led by the small cap Russell 2000 (+1.4%).
The market-cap weighted S&P 500 sports a 0.5% gain and the equal-weighted S&P 500 shows a 0.8% gain. NVIDIA (NVDA 141.49, -0.05, -0.1%) and Broadcom (AVGO 173.05, +0.05, +0.03%), which make up 9% of the S&P 500 by market cap, have underperformed the broader equity market, acting as a limiting factor for index gains.
Other chipmakers trade higher, leading the PHLX Semiconductor Index (SOX) to sport a 0.6% gain.
