Stock Market Update
03-Sep-24 15:05 ET
TSLA, LLY decline after initial gains
Dow -626.56
at 40936.52,
Nasdaq -539.45
at 17174.16,
S&P -113.30
at 5535.10
[BRIEFING.COM] Selling has picked up in the afternoon trade, leading the major indices to trade at fresh session lows. The S&P 500 trades down 2.0% and the Russell 2000 sports a 3.0% decline.
Some mega cap stocks that were trading higher earlier have rolled over. Tesla (TSLA 210.81, -3.30, -1.6%) traded up as much as 2.7% and Eli Lilly (LLY 954.13, -4.89, -0.5%) traded up as much as 1.0%.
Some stocks are still higher, though, leading the consumer staples (+0.7%), real estate (+0.4%), and utilities (+0.2%) sectors to trade above prior closing levels.
