Stock Market Update
09-Dec-24 14:30 ET
S&P 500 down as Comcast and AMD lag; Hershey soars on takeover chatter
Dow -109.55
at 44532.97,
Nasdaq -92.84
at 19766.47,
S&P -28.25
at 6062.02
[BRIEFING.COM] The S&P 500 (-0.46%) has shifted to second place among the major average over the last half hour, down now about 28 points.
Elsewhere, S&P 500 constituents Comcast (CMCSA 39.11, -4.04, -9.36%), Cintas (CTAS 206.60, -17.11, -7.65%), and Advanced Micro Devices (AMD 131.35, -7.24, -5.22%) pepper the bottom of the standings. CMCSA dips after mgmt said at a sell side conference that Q4 broadband sub numbers would be impacted by recent hurricanes, while AMD falls after catching a BofA downgrade this morning to Neutral citing competitive AI risks and potential PC slowdown.
Meanwhile, Hershey Foods (HSY 197.18, +22.48, +12.87%) is today's top performer, showing strong gains in the face of reports out this morning that Mondelez (MDLZ 61.66, -1.20, -1.91%) has approached HSY about a takeover.
