Stock Market Update

27-Sep-24 12:00 ET
Tech sector under pressure
Dow +388.23 at 42563.34, Nasdaq -56.59 at 18133.68, S&P +1.91 at 5747.28

[BRIEFING.COM] The mixed action at the index level persists as the information technology sector (-1.0%) remains a drag. Nevertheless, there is some healthy bull market behavior as most other stocks are on a winning track.

The question is, can that persist or will further selling of the widely-owned tech stocks become a gravitational pull that undermines today's market?

Key laggards in the tech sector include NVIDIA (NVDA 120.63, -3.41, -2.8%), Microsoft (MSFT 428.86, -2.45, -0.6%), Broadcom (AVGO 173.21, -4.88, -2.7%), Applied Materials (AMAT 205.69, -3.92, -1.9%), and Dell (DELL 122.66, -3.83, -3.0%).

Fortunately for the sector and the market, Apple (AAPL 227.52, 0.00. 0.0%) is holding the line.

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