Stock Market Update
13-Aug-24 14:30 ET
Estee Lauder, Monolithic Power among top-performing S&P 500 constituents on Tuesday
Dow +344.04
at 39701.05,
Nasdaq +374.18
at 17154.79,
S&P +78.96
at 5423.35
[BRIEFING.COM] The S&P 500 (+1.48%) is comfortably in second place on Tuesday afternoon, hovering just shy of HoDs in recent trading.
Elsewhere, S&P 500 constituents Estee Lauder (EL 91.45, +5.25, +6.09%), Monolithic Power (MPWR 866.92, +42.97, +5.22%), and Builders FirstSource (BLDR 159.44, +6.14, +4.01%) pepper the top of today's standings. EL is slated to release earnings early next week, MPWR follows general strength in chip stocks.
Meanwhile, Baxter (BAX 34.35, -2.58, -6.99%) is near the bottom of the average; news out this morning that BAX was divesting its Kidney Care segment to Carlyle (CG 40.25, +0.83, +2.11%) for $3.8 bln, and some on the Street are saying the dilution on the deal is worse than expected.
