Stock Market Update
24-Apr-25 10:05 ET
Stocks open higher, boosted by mega caps and chipmakers
Dow +43.56
at 39650.13,
Nasdaq +224.66
at 16932.70,
S&P +41.00
at 5416.88
[BRIEFING.COM] The stock market opened mostly higher, building on recent gains. The Nasdaq Composite is 1.3% higher today, and 4.0% higher this week. Like recent sessions, chipmakers and mega caps are leading the charge.
The Vanguard Mega Cap Growth ETF (MGK) is 1.7% higher and the PHLX Semiconductor Index (SOX) shows a 4.1% gain.
Six of the S&P 500 sectors are higher led by technology (+2.0%) and communication services (+1.3%). Meanwhile, the consumer staples (-1.4%), utilities (-0.7%), and real estate (-0.4%) sectors show the largest declines.
Existing home sales totaled 4.02 million in March (Briefing.com consensus 4.2 million).
