Stock Market Update
06-Aug-25 14:55 ET
Major averages continue their advance
Dow +122.56
at 44234.30,
Nasdaq +248.70
at 21163.87,
S&P +48.72
at 6347.91
[BRIEFING.COM] The major averages continue to chart new session highs this afternoon amid mixed sector strength and relatively even breadth figures.
The health care sector (-1.5%) is the worst-performing S&P 500 sector today following poor reactions to quarterly earnings, which is keeping the sector at the bottom of the Q3 leaderboard with a 3.4% loss for the quarter.
Biotechnology names are seeing losses despite Amgen (AMGN 282.13, -17.95, -5.98%) beating EPS expectations and raising FY25 guidance.
DaVita (DVA 128.71, -11.81, -8.40%) is the weakest performer in the sector, falling to its lowest level since April 2024. The company beat Q2 EPS expectations and reaffirmed its EPS guidance for FY25.
The energy sector (-0.9%) also faces pressure today amid a $0.94 decrease in crude oil prices to $64.22 per barrel, a change of -1.4%.
On the trade front, Bloomberg reports that the Swiss President Karin Keller-Sutter will leave Washington today without reaching a deal to lower the looming 39% tariff rate.
Separately, President Trump stated via Truth Social that his Middle East envoy, Steve Witkoff, had a "highly productive" meeting with Russian President Vladimir Putin, though no further details have been reported.
