Stock Market Update
29-Jul-25 14:30 ET
S&P 500 dips as VRSN, BRO, SWK slide on news; INCY soars on raised outlook
Dow -229.54
at 44608.02,
Nasdaq -50.22
at 21126.99,
S&P -17.05
at 6372.72
[BRIEFING.COM] The S&P 500 (-0.27%) is in second place on Tuesday afternoon, trading just off session lows.
Briefly, S&P 500 constituents VeriSign (VRSN 274.96, -31.02, -10.14%), Brown & Brown (BRO 93.18, -9.40, -9.16%), and Stanley Black & Decker (SWK 68.40, -5.53, -7.48%) pepper the bottom of the standings. VRSN falls after Berkshire Hathaway (BRK.B 478.98, -2.72, -0.56%) sold one-third of its stake via a discounted $285 secondary offering, raising concerns about insider confidence and increasing share supply, while BRO and SWK slip following earnings.
Meanwhile, Incyte (INCY 77.62, +7.46, +10.63%) is one of today's top performers after the company beat Q2 estimates, raised its 2025 revenue outlook on strong product demand and lower royalties, and highlighted new drug approvals and pipeline progress under its new CEO.
