Stock Market Update
21-Oct-24 14:35 ET
Monolithic Power and chip peers lower to start the week; Kenvue atop S&P 500 after Starboard reports
Dow -370.72
at 42905.19,
Nasdaq -6.96
at 18482.59,
S&P -21.41
at 5843.26
[BRIEFING.COM] The S&P 500 (-0.37%) is in second place on Monday afternoon.
Elsewhere, S&P 500 constituents Monolithic Power (MPWR 869.70, -46.58, -5.08%), Builders FirstSource (BLDR 185.23, -9.74, -5.00%), and Target (TGT 150.15, -6.69, -4.27%) dot the bottom of the standings. Broad weakness in chip stocks pressures MPWR the most today, while general weakness in homebuilder stocks drags BLDR lower,
Meanwhile, New Jersey-based consumer health firm Kenvue (KVUE 22.81, +1.09, +5.02%) is today's top performer after the WSJ reported activist Starboard Value had built a stake in the company.
