Stock Market Update
18-Jul-24 14:30 ET
Freeport-McMoRan slips in S&P 500 ahead of earnings
Dow -423.58
at 40774.50,
Nasdaq -126.76
at 17870.16,
S&P -38.32
at 5549.95
[BRIEFING.COM] The S&P 500 (-0.69%) is just narrowly today's shallowest declining average, down about 38 points.
Elsewhere, S&P 500 constituents Freeport-McMoRan (FCX 45.82, -2.68, -5.53%), IDEXX Labs (IDXX 471.58, -24.89, -5.01%), and Abbott Labs (ABT 99.91, -4.77, -4.56%) dot the bottom of the average. FCX is slated to report earnings next week, while ABT slips despite reporting a Q2 EPS beat and raising FY24 EPS guidance.
Meanwhile, Quanta Services (PWR 263.03, +18.09, +7.39%) is near the top of the standings after announcing the completion of its Cupertino Electric deal; the company also offered guidance implications for the acquisition.
