Stock Market Update
16-Jan-25 14:30 ET
S&P 500 dips as Applied Materials rises, Charles River leads decliners
Dow -50.73
at 43170.82,
Nasdaq -90.85
at 19420.38,
S&P -3.90
at 5949.63
[BRIEFING.COM] The S&P 500 (-0.07%) is in "first" place this afternoon, showing only modest losses of 4 points.
Briefly, S&P 500 constituents Charles River (CRL 165.46, -8.45, -4.86%), Texas Instruments (TXN 188.21, -9.30, -4.71%), and Enphase Energy (ENPH 63.52, -2.31, -3.51%) dot the bottom of the standings. CRL is under pressure today as CITES recommended suspension of Cambodian NHP exports, threatening EPS and high-margin revenue, TXN caught some cautious commentary from Deutsche Bank earlier, and ENPH was downgraded to Hold at Truist ahead of the open citing heightened competition and policy uncertainty.
Meanwhile, Applied Materials (AMAT 189.35, +10.97, +6.15%) is today's top performer, holding atop the PHLX Semiconductor Index (SOX 5220.35, +66.68, +1.29%).
