Stock Market Update
23-Aug-24 12:30 ET
Some mega caps move lower, limiting index gains
Dow +206.16
at 40918.94,
Nasdaq +141.10
at 17760.45,
S&P +28.99
at 5599.63
[BRIEFING.COM] The three major indices trade near their lows of the session, albeit still sporting gains.
Downside moves coincided with some mega cap names trading lower after initial gains. Meta Platforms (META 528.30, -3.66, -0.7%), Amazon.com (AMZN 175.88, -0.24, -0.2%), Eli Lilly (LLY 944.22, -9.95, -1.0%), and Microsoft (MSFT 413.06, -2.49, -0.6%) are standouts in that respect.
The Vanguard Mega Cap Growth ETF (MGK) was trading up as much as 1.5%, but shows a 0.3% gain now.
