September 24, 2024 18:40 GMT
US STOCKS: Late Equities Roundup
US STOCKS
- Stocks are trading mostly higher late Tuesday, off highs with the Dow trading mildly weaker after climbing to a new all-time high in the first half (42,232.0) - as did S&P Eminis (5793.0).
- Currently, the DJIA trades down 14.72 points (-0.03%) at 42109.5, S&P E-Minis up 4.75 points (0.08%) at 5781.5, Nasdaq up 77.7 points (0.4%) at 18052.52.
- Materials and Information Technology sectors led gainers in late trade, metals and mining shares supporting the Materials sector for the second day running as gold surged to new highs (2656.25): Freeport-McMoran +7.75%, Newmont +2.50%, Nucor +2.01%.
- Semiconductor stocks buoyed the IT sector with Nvidia gaining 4.31%, Monolithic Power +2.12%, HP Inc +1.58%.
- On the flipside, Financials and Health Care sectors underperformed, services stocks weighing on the former: Global Payments -7.05%, Visa -4.33%, Discover Financial Services -3.31%.
- Meanwhile, pharmaceuticals weighed on the Health Care sector: Regeneron Pharmaceuticals -5.82% amid ongoing legal battle with Amgen, McKesson Corp -3.89% following severtal downgrades, Labcorp Holdings -2.17%.
156 words