Stock Market Update
07-Oct-24 11:35 ET
Chipmakers, mega caps boost major indices
Dow -158.59
at 42194.16,
Nasdaq -58.94
at 18078.91,
S&P -15.75
at 5735.32
[BRIEFING.COM] The Russell 2000 (-0.8%) is underperforming compared to the S&P 500 (-0.2%), Nasdaq Composite (-0.3%), and Dow Jones Industrial Average (-0.3%).
Gains in some mega caps and chipmakers have limited downside moves in the major indices. This price action has also boosted the PHLX Semiconductor Index (SOX), which trades 0.1% higher, and the S&P 500 information technology sector, which trades 0.3% higher.
NVIDIA (NVDA 128.93, +4.00, +3.2%) and Broadcom (AVGO 178.19, +1.53, +0.9%) are some influential leaders in the space.
