Stock Market Update

30-Sep-24 10:30 ET
Small caps outperforming
Dow -94.70 at 42218.30, Nasdaq -32.12 at 18087.45, S&P -9.63 at 5728.54

[BRIEFING.COM] There is some weakness in the stock market today, but nothing acute from an index standpoint. Notably, the small-cap Russell 2000 is distancing itself from the index pack with a 0.3% gain.

Collectively, the mega-cap stocks have turned into a drag for the market. The Vanguard Mega-Cap Growth ETF (MGK) started with a slightly higher orientation, but is down 0.2% now.

It is worth noting, too, that breadth skews positive at both the NYSE (advancers lead by 7-to-6 margin) and at the Nasdaq (advancers lead by an 11-to-8 margin).

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