S&P 500 Sees Mixed Performance with Gains and Losses Across Categories

Sep 04 2024 01:02 PM IST
Today, the S&P 500 closed with a -0.16% loss, driven by a mix of gains and losses in various sectors and companies. The top gainers include Coupang, Inc., Frontier Communications Parent, Inc., and Keros Therapeutics, Inc., while the top losers are Dollar Tree, Inc., United States Steel Corp., and Inhibrx, Inc. The S&P 500 Advance-Decline ratio and Caps are also reflecting the mixed market performance. With the majority of sectors experiencing losses, investors will closely watch the market as it continues to fluctuate.


The stock market is constantly fluctuating, and today is no exception. As of market close, the S&P 500 is trading at 5,520.07 with a loss of -8.86 points or -0.16%. The market is being driven by a mix of both gains and losses, with some companies seeing significant increases while others are experiencing steep declines.

Taking the top spot for large cap gainers is Coupang, Inc. with a 7.00% increase. In the mid cap category, Frontier Communications Parent, Inc. is leading the way with a 37.95% gain. And in the small cap category, Keros Therapeutics, Inc. is seeing a 10.76% increase.

On the other hand, Dollar Tree, Inc. is the top large cap loser with a -22.16% decrease. United States Steel Corp. is the biggest mid cap loser, down -17.47%. And in the small cap category, Inhibrx, Inc. is experiencing a significant -52.36% decline.

The S&P 500 Advance-Decline ratio is currently at 0.73x, with 2000 advances and 2748 declines. This indicates that there are more declining stocks than advancing ones in the S&P 500 index. The S&P 500 Caps is also falling by 0.16%, further reflecting the mixed market performance.

Looking at the top gainers in the S&P 500, Gamida Cell Ltd. and View, Inc. are both showing an impressive inf% increase. DZS, Inc. is also seeing a significant jump of 499.40%. On the other hand, Tempo Automation Holdings, Inc., Athira Pharma, Inc., and Rite Aid Corp. are the top losers with -85.29%, -78.43%, and -75.00% decreases respectively.

Out of the 1 sector advancing today, the S&P 500 is the only one showing a decline of -0.16%. This means that the majority of sectors are experiencing losses, with the S&P 500 being the biggest loser.

Overall, the market is being driven by a mix of gains and losses, with the S&P 500 showing a slight decline. Investors will continue to monitor the market closely as it continues to fluctuate.

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