Stock Market Update
04-Mar-25 14:25 ET
S&P 500 trims losses as SMCI rebounds, while KKR, INTC, and AT&T lag
Dow -250.73
at 42940.51,
Nasdaq +129.08
at 18479.27,
S&P -10.29
at 5839.43
[BRIEFING.COM] The march off lows continued in the last half hour, the S&P 500 (-0.18%) now only about 10 points off yesterday's close.
Briefly, S&P 500 constituents KKR (KKR 124.97, -8.04, -6.04%), Intel (INTC 21.60, -1.14, -5.01%), and AT&T (T 26.35, -1.37, -4.94%) dot the bottom of the average. This morning KKR announced an offering of mandatory convertible preferred stock, while INTC was the subject of a report suggesting Panther Lake production was delayed, and T found notable losses today after investors deemed comments from the company's appearance at a Morgan Stanley investor conference as unfavorable.
Meanwhile, Super Micro Computer (SMCI 40.10, +4.03, +11.17%) is atop the standings, recouping a decent portion of yesterday's losses.
