Stock Market Update
16-Aug-24 13:30 ET
DJIA on pace to rebound almost 3%; Cisco, McDonald's aid Friday's gains
Dow +108.55
at 40671.61,
Nasdaq +69.86
at 17664.35,
S&P +15.24
at 5558.46
[BRIEFING.COM] The Dow Jones Industrial Average (+0.27%) is tied with the S&P 500 for second place among the major averages.
A look inside the DJIA shows that Cisco (CSCO 49.64, +1.11, +2.29%), McDonald's (MCD 278.88, +4.01, +1.46%), and Nike (NKE 83.68, +1.18, +1.43%) hold decent gains.
Meanwhile, Caterpillar (CAT 343.02, -.262, -0.76%) is underperforming.
The DJIA is on pace to end the week +2.97% higher.
Elsewhere, at the top of the hour, Baker Hughes (BKR 35.03, -0.05, -0.14%) announced a weekly U.S. rotary rig count of 586, -2 w/w and -56 yr/yr.
