Stock Market Update

09-Dec-24 15:00 ET
Buyers lacking enthusiasm
Dow -130.87 at 44511.65, Nasdaq -114.68 at 19744.63, S&P -32.30 at 6057.97

[BRIEFING.COM] The major indices continue to suffer from a lack of enthusiastic buying interest in today's session and the overhang of some relative weakness in the mega-cap space that features losses in NVIDIA (NVDA 138.31, -4.13, -2.9%), Meta Platforms (META 610.86, -12.91, -2.1%), Tesla (TSLA 384.50, -4.72, -1.2%), and Eli Lilly (LLY 805.04, -21.67, -2.6%).

The Vanguard Mega-Cap Growth ETF (MGK) is down 0.7%, although Apple (AAPL 246.45, +3.61, +1.5%), Microsoft (MSFT 445.92, +2.35, +0.5%), Alphabet (GOOG 176.86, +0.57, +0.3%), and Amazon.com (AMZN 227.98, +0.95, +0.4%) have tempered today's downside action.

Elsewhere, metals in the commodities space have seen upside action today in a move that followed China's pledge to be more proactive with its fiscal and monetary stimulus in 2025.

Gold futures settled 1.0% higher at $2685.40/troy oz., copper futures  added 1.7% to $4.27/lb, and silver futures jumped 3.3% to $32.60/troy oz.

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