Stock Market Update
28-Mar-25 14:25 ET
S&P 500 drops nearly 2% as ON, DASH, and DAL lag; WRB surges on strategic investment
Dow -728.96
at 41570.74,
Nasdaq -468.67
at 17335.36,
S&P -113.16
at 5580.15
[BRIEFING.COM] The S&P 500 (-1.99%) is in second place on Friday afternoon, down about 113 points.
Briefly, S&P 500 constituents onsemi (ON 41.29, -2.47, -5.64%), DoorDash (DASH 183.03, -10.99, -5.66%), and Delta Air Lines (DAL 43.75, -2.40, -5.20%) pepper the bottom of the average. ON falls in sympathy to chip peer Wolfspeed's (WOLF 2.67, -2.71, -50.37%) crushing losses, DASH slips despite FBN Securities initiating the stock at Outperform.
Meanwhile, W.R. Berkley (WRB 71.23, +4.95, +7.47%) is decently higher this afternoon after the company confirmed a strategic investment and voting arrangement with Mitsui Sumitomo Insurance whereby MSI would acquire a 15% stake in WRB.
