Stock Market Update
29-May-25 14:30 ET
S&P 500 clings to slim gain as Nordson, Estee Lauder rally; Uber slides on Tesla Robotaxi concerns
Dow -33.26
at 42065.44,
Nasdaq -3.39
at 19097.54,
S&P +1.74
at 5890.29
[BRIEFING.COM] The S&P 500 (+0.03%) holds a shallow gain, now the only major average in positive territory.
Briefly, S&P 500 constituents Nordson (NDSN 206.61, +10.87, +5.55%), Estee Lauder (EL 68.59, +2.32, +3.50%), and Biogen (BIIB 132.22, +4.69, +3.68%) pepper the top of the standings. NDSN climbs on earnings, while EL benefits from positive commentary from Barclays.
Meanwhile, Uber (UBER 83.63, -4.63, -5.25%) is one of today's worst-performing constituents after Wedbush highlighted Tesla's (TSLA 357.27, +0.37, +0.10%) upcoming robotaxi launch as a long-term threat to its ride-hailing model. With driverless Model Y testing already underway, investors appear concerned about future competition and Uber's limited near-term growth catalysts.
