Stock Market Update

[BRIEFING.COM] Many stocks still trade lower, but losses aren't that extreme. The S&P 500 and Nasdaq Composite moved off session lows, trading 0.3% and 0.4% lower, respectively. 

Some names have outperformed the broader equity market on specific catalysts. eBay (BAY 64.61, +0.97, +1.5%), which authorized an incremental $3.0 billion under its current stock repurchase program in addition to the remaining amounts previously authorized, and Pfizer (PFE 26.34, +1.09, +4.3%), which reaffirmed FY24 EPS and revenue guidance and issuing in-line FY25 EPS/rev guidance, are standouts in that respect. 

Nucor (NUE 120.82, -3.33, -2.7%) is another story stock, sinking after lowering guidance.