Stock Market Update
23-May-25 15:30 ET
Equal-weighted S&P 500 outperforming market-cap weighted S&P 500
Dow -217.50
at 41641.59,
Nasdaq -165.84
at 18759.89,
S&P -33.65
at 5808.36
[BRIEFING.COM] Markets will be closed Monday for the Memorial Day holiday. The major indices are chugging to the finish line this week with a flat tire.
Today, the equal-weighted S&P 500 (-0.3%) is outperforming the market cap-weighted S&P 500 (-0.6%), which is feeling the pressure of losses in Apple (AAPL 195.23, -6.13, -3.1%) after the president warned the company it will face a tariff of at least 25% on iPhones it sells in the U.S. if they are not made in the U.S.
Most mega-cap stocks, though, are on the softer side of things today after having had an impressive run of the April 7 low.
The Vanguard Mega-Cap Growth ETF (MGK) is down 1.0%.
