Stock Market Update
18-Sep-24 10:35 ET
Lack of conviction leading to mixed action
Dow -110.80
at 41495.38,
Nasdaq +1.88
at 17629.92,
S&P -4.70
at 5629.88
[BRIEFING.COM] The major indices trade slightly lower or slightly higher than prior closing levels.
Market breadth was positive a short time ago, but skews negative now, reflecting a lack of conviction in front of the FOMC policy decision this afternoon. Decliners lead advancers by a 3-to-2 margin at the NYSE and by a 4-to-3 margin at the Nasdaq.
Gains in some mega cap names have provided some support to the rest of the market. Apple (AAPL 220.68, +3.91, +1.8%), Meta Platforms (META 537.96, +1.64, +0.3%), and Alphabet (GOOG 160.42, +0.12, +0.1%) are standouts in that respect.
