Stock Market Update

22-Aug-24 15:05 ET
Mega caps weigh down info tech sector
Dow -187.82 at 40702.67, Nasdaq -225.20 at 17693.78, S&P -40.20 at 5580.65

[BRIEFING.COM] The major indices moved mostly sideways near session lows over the last half hour. 

Only three S&P 500 sectors remain in positive territory -- energy (+0.4%), financials (+0.4%), and real estate (+0.2%) -- while the information technology sector, which comprises more than 30% of the index, sports a 1.7% decline. 

Solid declines in NVIDIA (NVDA 124.72, -3.77, -3.0%), Microsoft (MSFT 416.24, -7.89, -1.9%), Apple (AAPL 224.88, -1.52, -0.7%), and Broadcom (AVGO 164.74, -1.05, -0.6%) have weigh down the info tech sector.

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