Stock Market Update
02-Oct-24 14:30 ET
Caesars higher after new repurchase news; Global Payments dips once more in S&P 500
Dow +18.03
at 42175.00,
Nasdaq +38.16
at 17948.50,
S&P -0.03
at 5708.72
[BRIEFING.COM] The S&P 500 (flat) is narrowly lower in recent trading.
Elsewhere, S&P 500 constituents Caesars Entertainment (CZR 42.99, +2.19, +5.37%), Monolithic Power (MPWR 926.36, +34.55, +3.87%), and Palantir Technologies (PLTR 37.58, +1.12, +3.07%) dot the top of the standings. CZR approved a new repurchase program, MPWR caught a tgt raise out of Truist this morning and benefits from general strength in chip stocks, and Peter Thiel sold more than $450 mln in PLTR stock pursuant to a 10b5-1 plan and the company announced a partnership with Edgescale AI to launch 'Live Edge' AI solution for industrial operations.
Meanwhile, Global Payments (GPN 96.71, -3.71, -3.69%) is lagging, extending losses which began after last week's guidance from its Investor Conference.
