Stock Market Update
30-Sep-24 14:30 ET
CVS, FedEx resisting broader selloff in S&P 500 this afternoon
Dow -370.20
at 41942.80,
Nasdaq -118.37
at 18001.20,
S&P -33.10
at 5705.07
[BRIEFING.COM] The markets have faded in the last half hour, the S&P 500 (-0.58%) down 33 points, after comments from Fed Chair Powell at the National Association for Business Economics conference.
Elsewhere, S&P 500 constituents CVS (CVS 62.86, +1.48, +2.41%), FedEx (FDX 272.52, +4.97, +1.86%), and Intuitive Surgical (ISRG 488.23, +9.05, +1.89%) are atop the standings. CVS is higher today on reports of activist pressure, FDX gains on a Stifel note suggesting the International Longshoremen's Association may execute a labor strike.
Meanwhile, Micron (MU 102.65, -4.85, -4.51%) is lagging alongside general weakness in chip stocks.
