Stock Market Update
22-Jan-24 14:30 ET
Western Digital rides Morgan Stanley "Top Pick" call to solid gains, Gilead dips on trial NSCLC miss
Dow +106.66
at 37970.46,
Nasdaq +42.38
at 15353.35,
S&P +11.55
at 4851.36
[BRIEFING.COM] The S&P 500 (+0.24%) is in last place with both the Nasdaq and DJIA tied with gains of +0.28% apiece.
Elsewhere, S&P 500 constituents Western Digital (WDC 57.41, +2.64, +4.82%), Synopsys (SNPS 538.18, +20.87, +4.03%), and V.F. Corp (VFC 16.16, +0.45, +2.86%) pepper the top of today's standings. WDC moves higher after a analyst comments out of Morgan Stanley that they had replaced NVDA with WDC as their Top Pick in semis, while VFC continues its recent rally off two-month lows despite news out Friday morning of a cyber incident.
Meanwhile, Gilead Sciences (GILD 78.19, -9.10, -10.43%) sees notable losses on Monday, underperforming after announcing its PHASE 3 EVOKE-01 study in NSCLC did not meet its primary endpoint.
