Stock Market Update
05-Jul-24 10:35 ET
Mega caps lead except NVDA and AVGO
Dow -109.72
at 39198.28,
Nasdaq +84.97
at 18273.27,
S&P +4.78
at 5541.80
[BRIEFING.COM] The S&P 500 and Nasdaq Composite have maintained their positive posture while the Dow Jones Industrial Average trades lower.
Market breadth reflects a negative bias driving today's action. Decliners lead advancers by a 2-to-1 margin at the NYSE and by a 3-to-2 margin at the Nasdaq.
Mega cap stocks continue to outperform, providing some support to the major indices. NVIDIA (NVDA 127.23, -1.05, -0.8%) and Broadcom (AVGO 1719.75, -8.14, -0.5%) are going against the grain in the mega cap space.
