Stock Market Update
30-Dec-24 10:35 ET
Outsized declines in mega caps weigh down sectors
Dow -662.26
at 42330.13,
Nasdaq -333.31
at 19427.21,
S&P -93.13
at 5877.43
[BRIEFING.COM] The stock market continues to move lower at the index level. The S&P 500 sports a 1.6% decline, the Nasdaq Composite trades 1.8% lower, and the Russell 2000 shows a 1.7% loss.
Some mega cap names show outsized declines with no specific catalyst. Amazon.com (AMZN 219.00, -4.73, -2.1%), Tesla (TSLA 419.42, -12.24, -2.8%), and Broadcom (AVGO 233.58, -8.17, -3.4%) are standouts in that respect.
Losses in the aforementioned names have contributed to declines in the S&P 500 consumer discretionary (-2.1%) and information technology (-1.6%) sectors.
