Stock Market Update
31-Jul-25 11:55 ET
Mega-caps outperform following earnings
Dow -15.06
at 44446.22,
Nasdaq +185.67
at 21313.97,
S&P +29.00
at 6391.90
[BRIEFING.COM] The major averages have stabilized after sliding from their early record high levels.
Sector strength is almost evenly split, with six S&P 500 sectors trading in positive territory.
Breadth figures slightly favor decliners by a 7-to-6 ratio on the NYSE and an 11-to-8 ratio on the Nasdaq.
With Microsoft's (MSFT 536.25, +23.01, +4.5%) and Meta Platforms' (META 779.02, +83.82, +12.1%) earnings reports at the forefront of today's driving factors, mega-cap stocks are unsurprisingly outperforming the market. The Vanguard Mega Cap Growth ETF posts a gain of 1.0%.
Mega-cap earnings will likely continue to be a factor through the end of the week, with Amazon (AMZN 234.22, +4.03, +1.8%) and Apple (AAPL 208.73, -0.32, -0.2%) set to report earnings after today's close.
