Stock Market Update
15-Nov-24 11:00 ET
Selling continues; stocks give up some post-election gains
Dow -325.20
at 43425.66,
Nasdaq -375.34
at 18732.33,
S&P -72.72
at 5876.46
[BRIEFING.COM] The major indices have extended their initial losses, sitting at or near session lows. The S&P 500, Nasdaq Composite, and Russell 2000 are all more than 1.0% lower than yesterday.
The equal-weighted S&P 500 is outperforming compared to the market-cap weighted index, but still sports a 0.8% decline, reflecting broad selling interest. Decliners lead advancers by a 2-to-1 margin at the NYSE and by a 3-to-1 margin at the Nasdaq.
The market has given up a large portion of post-election gains. Monday's close marked a 3.8% increase in the S&P 500 from its close on Tuesday November 5. Today's action has the index trading 1.6% above its final pre-election close.
