Stock Market Update
16-Sep-24 14:30 ET
Oracle gets bump from Melius upgrade, Qorvo dips in S&P 500 on Apple weakness
Dow +188.04
at 41581.82,
Nasdaq -98.22
at 17585.74,
S&P +3.20
at 5629.22
[BRIEFING.COM] The S&P 500 (+0.06%) is up about 3 points and trying to consolidate after highs.
Elsewhere, S&P 500 constituents Bath & Body Works (BBWI 28.82, +1.61, +5.92%), Oracle (ORCL 170.07, +8.04, +4.96%), and Vistra Corp. (VST 89.17, +3.62, +4.23%) pepper the top of the standings. Melius upgraded ORCL to Buy citing accelerating revenue growth.
Meanwhile, North Carolina-based Qorvo (QRVO 100.00, -7.65, -7.11%) is today's top laggard, underperforming alongside broader weakness in Apple (AAPL 216.30, -6.20, -2.79%) suppliers after reports that iPhone 16 pre-order sales lower yr/yr compared to iPhone 15.
