Stock Market Update
14-Aug-24 11:30 ET
K, CAH lead S&P 500 components
Dow +150.34
at 39915.98,
Nasdaq -4.17
at 17183.44,
S&P +12.75
at 5447.18
[BRIEFING.COM] The S&P 500 (+0.2%) and Dow Jones Industrial Average (+0.4%) hit fresh session highs over the last half hour.
Outsized moves have mostly been reserved for individual stocks with specific catalysts. Kellavona (K 80.22, +5.72, +7.7%) leads S&P 500 components after news that Mars will acquire Kellanova for $83.50/share in cash, or total consideration of $35.9 billion, including debt.
Cardinal Health (CAH 108.31, +5.73, +5.6%) is the next best performer in the S&P 500 after reporting better-than-expected earnings and issuing above-consensus guidance.
