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.
