Stock Market Update
17-Jul-24 12:35 ET
JNJ, UNH boost DJIA
Dow +193.65
at 41148.13,
Nasdaq -506.56
at 18002.78,
S&P -75.91
at 5591.29
[BRIEFING.COM] The Dow Jones Industrial Average continues to outperform the S&P 500 (-1.3%) and Nasdaq Composite (-2.7%).
The price-weighted DJIA has been boosted by Johnson & Johnson (JNJ 155.99, +4.98, +3.3%) after its Q2 earnings report, and UnitedHealth (UNH 570.13, +21.26, +3.9%), which was upgraded at Jefferies to Buy from Hold after yesterday's sharp earnings-related gain.
23 of the 30 Dow components are higher, reflecting some buying interest in the market outside the mega cap space.
