Stock Market Update

03-Sep-24 12:00 ET
TSLA, LLY outperform in mega cap space
Dow -441.91 at 41121.17, Nasdaq -431.05 at 17282.56, S&P -81.62 at 5566.78

[BRIEFING.COM] The major indices moved mostly sideways over the last half hour. 

Weakness in the mega cap space continues to weigh down index losses. The Vanguard Mega Cap Growth ETF (MGK) shows a 2.0% decline. Tesla (TSLA 214.40, +0.25, +0.1%), which reported a jump in sales in China and is reportedly aiming to introduce the robotaxi at a Warner Brothers (WBD 7.48, -0.36, -4.6%) studio, has gone against the grain with a modest gain. 

Eli Lilly (LLY 964.77, +4.75, +0.5%) also trades higher with no specific catalyst to account for the movement. The gain in LLY has contributed to the positive bias in the health care sector (+0.2%).

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