Stock Market Update

29-Jul-24 15:00 ET
Russell 2000 underperforms
Dow +4.47 at 40593.61, Nasdaq +31.94 at 17389.82, S&P +11.70 at 5470.80

[BRIEFING.COM] The major indices trade either slightly higher of slightly lower than prior closing levels. The Russell 2000 continues its underperformance, trading 1.3% lower. 

The small cap index is still 9.0% higher in July while the Nasdaq Composite shows a 2.0% loss this month.

Elsewhere, losses in NVIDIA (NVDA 112.20, -0.86, -0.8%) and Broadcom (AVGO 150.64, -1.04, -0.7%) have weighed on the PHLX Semiconductor Index (SOX), which trades up 0.1%. This price action has also led the S&P 500 information technology sector (-0.1%) to trade lower. 

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