Stock Market Update
16-Aug-24 12:10 ET
Stocks slide sideways; Breadth skews positive
Dow +47.62
at 40610.68,
Nasdaq +26.35
at 17620.84,
S&P +5.59
at 5548.81
[BRIEFING.COM] The muted action today has the S&P 500 trading near the top of its roughly 23 point range.
Market breadth has been positive through the entire session, but modestly so. Advancers lead decliners by a 5-to-3 margin at the NYSE and by a 4-to-3 margin at the Nasdaq.
The mega cap stocks have boosted index performance so far this week. The Vanguard Mega Cap Growth ETF (MGK) sports a 5.3% gain this week.
