Stock Market Update
25-Oct-24 14:30 ET
S&P 500 slips to lows; HCA, Universal Health among top post-earnings laggards
Dow -238.77
at 42135.59,
Nasdaq +119.55
at 18535.03,
S&P +1.77
at 5811.63
[BRIEFING.COM] The S&P 500 (+0.03%) is narrowly higher, trading place between gains and losses a few times over the last half hour.
Elsewhere, S&P 500 constituents HCA (HCA 357.99, -40.91, -10.26%), Universal Health (UHS 203.64, -21.02, -9.36%), and T-Mobile US (TMUS 226.10, -7.46, -3.19%) pepper the bottom of the standings. HCA and UHS fall following earnings, while TMUS caught a Raymond James downgrade to Market Perform citing valuation concerns amid surging stock price.
Meanwhile, Tapestry (TPR 50.12, +5.65, +12.71%) is outperforming after a ruling in New York put a stop to the company's proposed acquisition of Capri Holdings (CPRI 21.44, -20.16, -48.46%).
