Stock Market Update
21-Aug-25 14:55 ET
Mega-cap names weigh on the market
Dow -141.74
at 44796.57,
Nasdaq -85.61
at 21085.86,
S&P -24.20
at 6371.58
[BRIEFING.COM] The S&P 500 (-0.4%), Nasdaq Composite (-0.4%), and DJIA (-0.3%) are little changed from previous levels as the market approaches the final hour of trading.
The major averages have largely tracked with fluctuations in the information technology sector (-0.5%) today, with the sector, the S&P 500, and the Nasdaq Composite briefly entering positive territory around 10:30 ET before retreating.
As it currently stands, the technology sector is the worst-performing S&P 500 sector this week, posting a 3.1% loss. The communication services (-2.8% week-to-date) and consumer discretionary (-1.9% week-to-date) sectors are the other two sectors that have retreated this week. The Vanguard Mega Cap Growth ETF holds a week-to-date loss of 2.7%.
The other eight S&P 500 sectors hold modest gains ranging from 0.2% to 1.1%, highlighting the outsized effect the mega-cap names have on their respective sectors and the major averages.
