Stock Market Update
21-Mar-25 11:40 ET
NKE, LEN weigh down industries
Dow -239.56
at 41713.76,
Nasdaq -107.18
at 17584.45,
S&P -35.28
at 5627.61
[BRIEFING.COM] The major indices remain near session lows.
Retailers and homebuilders are showing relative weakness in today's trade after earnings reports from NIKE (NKE 67.68, -4.21, -5.9%), which issued disappointing guidance, and Lennar (LEN 114.74, -5.33, -4.3%), which reported disappointing Q1 results and issued below-consensus Q2 guidance.
The SPDR S&P Retailer ETF (XRT) trades 0.3% lower and the SPDR S&P Homebuilder ETF (XHB) shows a 1.9% decline.
