Stock Market Update
22-Aug-24 14:30 ET
Moderna, Tesla drop in S&P 500 on Thursday
Dow -199.18
at 40691.31,
Nasdaq -243.13
at 17675.85,
S&P -42.89
at 5577.96
[BRIEFING.COM] The S&P 500 (-0.76%) is in second place on Thursday afternoon, having sunk briefly to lows in the last half hour.
Elsewhere, S&P 500 constituents Moderna (MRNA 82.11, -4.54, -5.24%), Tesla (TSLA 213.85, -9.42, -4.22%), and Advanced Micro (AMD 151.92, -5.89, -3.73%) are among today's top decliners. This afternoon, Moderna confirmed FDA approval of an updated COVID-19 vaccine, while news of Finance VP S. Venkataratnam leaving TSLA has put a drag on shares, and AMD slides alongside general weakness in tech/semis.
Meanwhile, Franklin Resources (BEN 20.44, +0.66, +3.34%) is outperforming despite a dearth of corporate news.
