Stock Market Update
06-Aug-24 11:00 ET
Semiconductor names and mega cap shares lead rally
Dow +459.56
at 39162.83,
Nasdaq +255.90
at 16455.99,
S&P +81.28
at 5267.61
[BRIEFING.COM] The three major indices continue to climb. The S&P 500 sports a 1.6% gain.
Semiconductor stocks and mega cap shares are rallying after solid losses in recent sessions. The PHLX Semiconductor Index (SOX) shows a 2.1% increase and the Vanguard Mega Cap Growth ETF (MGK) is up 1.8%. This price action has contributed to the outperformance in the S&P 500 information technology sector (+1.9%).
Many stocks are moving up today. Market breadth favors advancers by a 9-to-2 margin at the NYSE and by a 3-to-1 margin at the Nasdaq.
