Stock Market Update

06-Nov-24 13:55 ET
There are some losers
Dow +1455.87 at 43677.75, Nasdaq +508.75 at 18947.92, S&P +138.08 at 5920.84

[BRIEFING.COM] In aggregate the stock market is looking quite good today. That doesn't mean, however, that all stocks are looking good.

There is Super Micro Computer (SMCI 21.44, -6.26, -22.6%), for instance, which is getting slammed after tempering its fiscal Q1 and Q2 outlook and acknowledging it is not sure when it will be able to file its annual 10K report. Exact Sciences Corp (EXAS 54.78, -16.73, -23.3%) is another big loser following its earnings report.

In the Dow Jones Industrial Average, Home Depot (HD 387.50, -12.59, -3.2%), Nike (NKE 75.30, -2.68, -3.4%), Procter & Gamble (PG 160.75, -5.01, -3.0%), Coca-Cola (KO 63.86, -1.51, -2.3%), and Walmart (WMT 82.49, -1.19, -1.4%) are all lower, plagued by a combination of concerns that include rising interest rates, a stronger dollar that is a headwind for multinationals, and worries about tariff proposals for China that are expected to be met with tariff retaliation.

Cookies are essential for making our site work. By using our site, you consent to the use of these cookies. Read our cookie policy to learn more.