Stock Market Update
05-Sep-24 11:35 ET
Semiconductor shares and mega caps rollover
Dow -330.30
at 40644.67,
Nasdaq -38.25
at 17046.03,
S&P -34.52
at 5485.55
[BRIEFING.COM] The market turned lower in recent action, leading the S&P 500 to trade below its 50-day moving average and below the 5,500 level.
Early gains in mega cap stocks and semiconductor shares dissipated, coinciding with the market moving lower. The Vanguard Mega Cap Growth ETF (MGK) trades 0.3% lower and the PHLX Semiconductor Index (SOX) trades 1.1% lower.
Nine of the S&P 500 sectors trade lower, including the information technology sector (-0.4%), which houses mega cap and semiconductor-related components.
