Stock Market Update
08-Oct-24 10:30 ET
Mega caps, growth stocks, chipmakers lead market
Dow -19.69
at 41934.55,
Nasdaq +175.60
at 18099.50,
S&P +34.59
at 5730.53
[BRIEFING.COM] The Dow Jones Industrial Average (-0.04%) has traded near its flat line thus far while the S&P 500 (+0.5%) and Nasdaq Composite (+0.8%) trade up.
Growth stocks are boosting the broader market, along with mega caps and semiconductor-related shares. The Russell 3000 Growth Index trades up 1.2% versus a 0.2% decline in the Russell 3000 Value Index.
Strength in these areas has also helped the S&P 500 information technology (+1.5%), communication services (+0.7%), and consumer discretionary (+0.7%) sectors. Meanwhile, the energy sector (-2.7%) is the worst performer by far, dropping alongside oil prices.
