Stock Market Update
30-Jan-25 10:30 ET
AAPL, AMZN turn lower, dragging down Nasdaq
Dow +100.06
at 44814.64,
Nasdaq -3.32
at 19710.91,
S&P +14.85
at 6054.16
[BRIEFING.COM] The Nasdaq Composite moved into negative territory as some mega caps turned lower with no specific catalyst.
Apple (AAPL 238.64, -0.71, -0.3%), which is the next mega cap tech stock to report earnings, and Amazon.com (AMZN 235.75, -1.32, -0.6%) are among the influential laggards.
The Vanguard Mega Cap Growth ETF (MGK) shows a 0.3% decline after trading up as much as 0.6%.
Also, the information technology sector extended its opening decline, trading 1.3% lower.
The overall vibe hasn't shifted, though, and many stocks have maintained opening gains. Three S&P 500 sectors trade higher led by communication services (+1.7%), real estate (+1.6%), and utilities (+1.4%).
