Stock Market Update
01-Apr-25 14:30 ET
S&P 500 slips to afternoon lows; Southwest Air, Intel, and Omnicom lag
Dow -268.53
at 41733.23,
Nasdaq -21.61
at 17277.68,
S&P -23.36
at 5588.49
[BRIEFING.COM] The S&P 500 (-0.42%) is in second place on Tuesday afternoon, fading to afternoon lows in the last half hour.
Briefly, S&P 500 constituents Southwest Air (LUV 31.39, -2.19, -6.52%), Intel (INTC 21.79, -0.92, -4.05%), and Omnicom (OMC 79.54, -3.37, -4.06%) pepper the bottom of the standings. LUV was downgraded to Underperform at Jefferies this morning citing lowered Q1 and Q2 estimates, while OMC and advertising peers slip following cautious analyst commentary from BofA Securities.
Meanwhile, Tapestry (TPR 72.39, +1.98, +2.81%) is holding solid gains with consumer discretionary (XLY 198.68, +1.22, +0.62%) the lone bright spot on Tuesday as investors welcome upbeat results from PVH (PVH 76.18, +11.54, +17.85%) and news of a new CFO at Macy's (M 12.80, +0.24, +1.91%).
