Stock Market Update

15-Aug-24 12:05 ET
Semiconductor stocks, mega caps boost indices
Dow +461.53 at 40469.92, Nasdaq +367.56 at 17560.16, S&P +78.20 at 5533.41

[BRIEFING.COM] The three major indices trade near session highs.

Semiconductor stocks and mega cap names are having an outsized impact on index gains. The PHLX Semiconductor Index (SOX) shows a 4.5% gain and the Vanguard Mega Cap Growth ETF (MGK) trades 1.8% higher. 

Discretionary-related stocks like homebuilders and retailers are also outperforming the broader market. The SPDR S&P Homebuilder ETF (XHB) shows a 1.5% gain and the SPDR S&P Retailer ETF (XRT) sports a 3.9% gain.

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