Stock Market Update
06-May-25 11:10 ET
Mega caps keep pressure on broader equity market
Dow -137.56
at 41080.41,
Nasdaq -98.11
at 17746.13,
S&P -21.45
at 5628.93
[BRIEFING.COM] The major indices are moving toward their flat lines. The S&P 500 is 0.4% lower after trading down as much as 1.1% at its low.
Outsized losses in some mega caps have kept pressure on major equity indices. Meta Platforms (META 592.25, -7.01, -1.2%), Tesla (TSLA 274.90, -5.29, -1.9%), NVIDIA (NVDA 112.74, -1.06, -0.9%), and Eli Lilly (LLY 796.23, -25.23, -3.1%) are among the influential losers.
Declines in the aforementioned names have kept their respective S&P 500 sectors near the bottom of the pack among the 11 sectors. Health care (-1.7%), consumer discretionary (-0.6%), and technology (-0.7%) are some of the weakest performers.
